Viewpoints: Letters / Opinions
Trump's Tariffs Hurting States
By
Donald Moskowitz
October 23, 2018
Tuesday PM
President Trump is trying to correct a trade imbalance by imposing tariffs on products imported from China. China has retaliated by imposing tariffs on our exports to China.
Trump's tariffs will cost automaker Ford $1 billion in 2018 and 2019 and require significant layoffs. Exports from the BMW plant in Greer, SC are down 35% in August 2018 versus August 2017. Honda USA is incurring hundreds of millions of dollars in unplanned costs because of Trump's steel tariffs.
States incurring substantial revenue losses include:
Louisiana a $5.7 billion loss, with China its top export market
Washington $5.2 billion, with China its top export market
California $4 billion, with China its third largest export market
Illinois $2.1 billion, with China its third largest export market
South Carolina $2.6 billion, with China its top export market
Alabama $2.4 billion, with China its second largest export market
Texas $1.4 billion, with China its third largest export market
Kentucky $917 million, with China its fourth largest export market
Michigan $842 million, with China its third largest export market
Ohio $826 million, with China its third largest export market
Many states are suffering economic problems with declining exports and job losses because of Trump's tariffs.
Donald Moskowitz
Londonderry, NH
Name
Ketchikan, Alaska
Editor's Note:
The text of this letter was NOT edited by the SitNews Editor.
Received October 19, 2018
- Published October 23, 2018
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