U.S. States Worst Hit By Retaliatory Tariffs
Published Jul 04, 2018 11:14AM ET
Investing.com - With tens of billions of dollars of retaliatory tariffs in place or about to kick in against the United States, the U.S. Chamber of Commerce has issued an analysis of their impact on each of the nation's 50 states.
Here are the five states with the most exports at stake, which country's tariffs will hurt the most and the number of jobs supported by global trade.
The top states are not necessarily all the largest ones. Washington is first based on the amount of exports targeted for retaliation. The bulk of them are from China. The state has almost a million jobs supported by trade. Louisiana is a close second. It will take a huge hit because of Chinese tariffs on soybeans.
Here are the five states with the least at stake.
In this group, all of the states are among the least populated ones in the U.S. Montana and Hawaii are tied for the least amount of exports targeted for retaliation. Three of the five states will be most affected by tariffs on exports to Canada.
The Chamber of Commerce says about $75 billion in exports will be subject to retaliatory tariffs from China, the Europe Union, Canada and Mexico.
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Written By: Investing.com
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