Close Menu
Finletix
  • Home
  • AI
  • Financial
  • Investments
  • Small Business
  • Stocks
  • Tech
  • Marketing
What's Hot

HSBC downgrades JPMorgan Chase, adopts ‘a more cautious stance’ on bank stocks

July 8, 2025

Apple Can’t Quit China Despite Mounting Trump Pressure, Analysts Say

July 8, 2025

I Bought a Duplex With My Sister in San Francisco: Benefits

July 8, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Finletix
  • Home
  • AI
  • Financial
  • Investments
  • Small Business
  • Stocks
  • Tech
  • Marketing
Finletix
Home » Howard Lutnick Debates Where Bananas Can Be Grown in the US
Small Business

Howard Lutnick Debates Where Bananas Can Be Grown in the US

arthursheikin@gmail.comBy arthursheikin@gmail.comJune 7, 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email


The Secretary of Commerce and a Congresswoman just clashed over whether bananas can and should be grown in the US.

“There’s no uncertainty if you build in America and you produce your product in America, there will be no tariff,” Howard Lutnick told Rep. Madeleine Dean of Philadelphia during a House hearing on Thursday morning.

Dean was saying that for her constituents in suburban Philadelphia, Trump’s tariffs would cause at least a $2,000 a year price increase on goods. She specifically called out the price of bananas and said Walmart has already hiked the price of the fruit by 8%.

“We can’t produce bananas in America,” the Democratic congresswoman responded.

“The concept of building in America and paying no tariff is very, very clear,” Lutnick said.

“We cannot build bananas in America,” Dean repeated.

Large-scale banana farms are not viable in much of the US. However, bananas are grown in Hawaii and in parts of Florida, and can be grown in other parts of the Southern United States. In 2023, Hawaii produced 4.73 million pounds of the fruit, according to the Department of Agriculture.

Rep. Dean’s office did not immediately respond to a request for comments.

The debate over bananas took place over a House hearing about trade deficits and the uncertainty Trump’s tariff plan has caused since its rollout in April.

Under Trump’s April 2 tariffs, a 10% baseline tariff applies to all goods imported into the US, including bananas. Though additional higher tariffs on trading partners are currently on pause for a limited time, some additional tariffs apply for products from China, as well as for imports of all steel and some other categories of metals.

Banana plants thrive in tropical regions with average temperatures of 80°F and a recommended relative humidity of 70 to 80%, according to EOS Data Analytics. The data company that provides crop monitoring services also wrote that farmers grow most bananas within a 30-degree range north and south of the equator.

According to figures from the American Farm Bureau Federation, in 2023, Guatemala supplied 40% of bananas consumed in the US by value, followed by Ecuador and Costa Rica, each contributing 16%.

Walmart and the Department of Commerce did not immediately respond to a request for comments.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleTrump says Xi agreed to restart flow of crucial minerals, but analysts say China won’t give up its ‘rare earth card’
Next Article OpenAI CMO Kate Rouch Said ChatGPT Helped With Breast Cancer Diagnosis
arthursheikin@gmail.com
  • Website

Related Posts

I Bought a Duplex With My Sister in San Francisco: Benefits

July 8, 2025

How Two Interns Turned a Summer at Balyasny Into Full-Time Jobs

July 8, 2025

The Rise of Ozempic, Weight Loss Drugs Are Killing Plus-Size Clothing

July 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

After Diddy’s conviction, here’s where his business ventures stand

July 8, 2025

Inflation is tame. Markets are at record highs. But economists warn Trump is still playing with fire on tariffs

July 8, 2025

The Trump-Musk breakup appears to be complete

July 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Finletix — Your Insight Hub for Smarter Financial Decisions

At Finletix, we’re dedicated to delivering clear, actionable, and timely insights across the financial landscape. Whether you’re an investor tracking market trends, a small business owner navigating economic shifts, or a tech enthusiast exploring AI’s role in finance — Finletix is your go-to resource.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The markets just don’t believe Trump on tariffs

July 8, 2025

China’s weaponisation of rare earths is a new kind of trade war

July 8, 2025

Gates open for affluent to invest in private credit

July 8, 2025
Get Informed

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 finletix. Designed by finletix.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.