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US consumption of olive oil is more than 10x domestic production of olive oil. It is not possible to spin up olive orchards in even a medium timespan as the tre
by HDThoreaun 2y ago
US consumption of olive oil is more than 10x domestic production of olive oil. It is not possible to spin up olive orchards in even a medium timespan as the trees take many years to grow. It’s not about wanting to support domestic producers, it legitimately is not possible.
- andreygrehov 2y agoThat's why I believe that long-term tariffs will result in a net positive effect. Domestic production will keep growing. Things that cannot be produced locally will somehow get resolved on their own through a self-organizing chaos, so to speak.