U.S. Business Lobby Maps Out States Hardest Hit by Trump Tariffs
(Bloomberg) -- The U.S. Chamber of Commerce parsed out the economic impact of tariffs by state, doubling down in its opposition to a central tool of the Trump administration's trade policy.
“Tariffs are beginning to take a toll on American businesses, workers, farmers, and consumers as overseas markets close to American-made products and prices increase here at home,” U.S. Chamber President Thomas Donohue said in a statement. “The administration is threatening to undermine the economic progress it worked so hard to achieve.”
The chamber represents more than 3 million businesses and is one of Washington's top lobbyist spenders. The interactive graphic the chamber released on Monday uses U.S. Department of Commerce data to predict the effects on specific sectors, exports and jobs.
Since March, President Donald Trump has announced levies on steel and aluminum imports as well as separate U.S. duties on $34 billion of Chinese goods that are set to go into effect on Friday. The tariffs have initiated global pushback, with Canada, Mexico, the European Union and China responding with tariffs of their own on billions of dollars' worth of American goods.
States with large automobile production facilities, such as Michigan and South Carolina, are among the most exposed to the tariffs, according to the chamber's analysis. Other states, like Alabama and Pennsylvania, will face agricultural pressures in addition to concerns over steel and aluminum products.
There's also a political dimension -- tariffs could hit hardest some of the states that supported Trump for president in 2016, including Michigan and Pennsylvania.
To contact the reporter on this story: Reade Pickert in Washington at epickert@bloomberg.net
To contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sarah McGregor, Alister Bull
©2018 Bloomberg L.P.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.