Analysis: State-by-State Impact of Tariffs - BodyShop Business

Analysis: State-by-State Impact of Tariffs

The U.S Chamber of Commerce has analyzed the individual state impact of new retaliatory tariffs from countries impacted by the Trump administration's new tariffs.

 

The U.S Chamber of Commerce has analyzed the individual state impact of new retaliatory tariffs from countries impacted by the Trump administration’s new tariffs.

The analysis shows how much of each state’s exports are threatened by retaliatory tariffs, highlights each state’s hardest-hit products, and shows the total number of jobs supported by global trade in each state, illustrating the potential losses American families and consumers may suffer in a potential trade war.

“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,” said U.S. Chamber President and CEO Thomas J. Donohue. “Tariffs are simply taxes that raise prices for everyone. Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth.”

As of this week, approximately $75 billion worth of U.S. exports will be subject to retaliatory tariffs. The analysis states that escalating tit-for-tat trade actions promises to raise costs on American businesses and consumers, making it harder for families to afford everyday products like toilet paper, condiments, coffee and ballpoint pens, which have been targeted for retaliation.

Several states’ economies stand to be especially harmed by an emerging trade war, including:

  • Alabama: In total, $3.6 billion of state exports are threatened by retaliatory tariffs from China, the EU, Mexico and Canada. Steel products, aluminum products and soybeans are among Alabama’s hardest hit. See more.
  • Michigan: In total, $2.3 billion of state exports will be subject to retaliatory tariffs. Steel and aluminum products, as well as automobiles, are among Michigan’s hardest hit. See more.
  • Pennsylvania: In total, $1.7 billion of state exports are threatened by retaliatory tariffs. Steel products, iron products, coffee and pastries are all among Pennsylvania’s hardest-hit products. See more.
  • South Carolina: In total, $3 billion of state exports will be subject to retaliatory tariffs. Lawn mowers, steel products and iron products are among South Carolina’s hardest-hit exports. See more.

“The administration is threatening to undermine the economic progress it worked so hard to achieve,” said Donohue. “We should seek free and fair trade, but this is just not the way to do it. It’s time to reverse course and adopt smarter, more effective approaches for addressing trade concerns with commercial partners.”

The analysis was compiled using data on state exports from the U.S. Department of Commerce and data on U.S. exports subject to foreign tariffs from the official government sources of China, the EU, Mexico and Canada.

To read the full analysis or download the fact sheet, click here.

You May Also Like

Axalta Announces Partnership with Solera

Axalta customers will now be able to estimate their CO2 emissions per repair while considering repair methods, paint application process and drying conditions.

Axalta announced it has partnered with Solera, whereby Axalta's conventional and Fast Cure Low Energy (FCLE) refinish paint systems will be integrated into Solera’s Sustainable Estimatics platform, enabling Axalta customers to estimate their CO2 emissions per repair while considering repair methods (repair versus replace), paint application process and drying conditions.

CTHS Auto Collision Students Dominate UTI Top Tech Challenge

Auto Collision students at Dr. Kirk Lewis Career and Technical High School placed in six of the top 10 spots at the recent UTI Top Tech Challenge competition.

PPG to Build New Paint and Coatings Manufacturing Facility in Tennessee

The new plant is part of PPG’s planned $300 million investment in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry.

CIF Announces Sherwin-Williams as Repeat Annual Donor

This marks Sherwin-Williams’ third consecutive donation at the Urgent Care tier.

Florida Maaco Transfers Ownership to Longtime Industry Veterans

Maaco announced that Maaco Longwood in Longwood, Fla., has transferred ownership from Elimu Kajunju to Justin DePasquale and Pete Huber.

Other Posts

AirPro Diagnostics Named Preferred Supplier for Fix Network

AirPro Diagnostics announced it has entered into an agreement with Fix Network to supply its franchisees with diagnostics and ADAS calibrations technologies.

ASE Spring Testing Underway, Deadline June 30

Those who register by June 30 will have 90 days to schedule an appointment to take their selected ASE tests.

Billions and Billions: Private Equity Investments in Collision Repair Surge 

In the last five months, more than $9 billion in capital has been invested into the collision repair industry by private equity firms.

ASE Offers Tool Kit for Auto Service Professionals Month

The online ASE Tool Kit gives repair shops, parts suppliers and industry organizations access to ASE marketing assets for use in their own communications.