Kansas and Missouri Exports Threatened by Trade War
Today, China will impose an additional $16 billion in retaliatory tariffs on U.S. exports. This comes in response to the Trump administration’s move to impose $16 billion in tariffs against Chinese imports. With this increase in tariffs, the price of certain exports more than doubled in 18 states, and 24 states have over $100 million in exports subject to new tariffs.
“The administration is right to hold China accountable, but a trade war risks taking the starch out of the U.S. economy, which runs on pro-growth policies that grow paychecks and create new jobs. That’s not what tariffs deliver,” said Thomas Donohue,president and CEO of the U.S. Chamber of Commerce. The chamber issued a news release citing state-by-state impact of a tariff-based trade war and determined that:
- $403 million Kansas exports are threatened by an emerging trade war
- $89 million Kansas exports to Canada targeted for retaliation
- $84 million Kansas exports to Mexico targeted for retaliation
- $194 million Kansas exports to China targeted for retaliation
- $36 million Kansas exports to Europe targeted for retaliation
- Kansas’ hardest hit products:
- Aluminum Alloy Rectangular Plates etc.—$16 million exported annually to Canada
- Household and toilet articles of plastics—$12 million exported annually to Canada
- Motorboats, other than outboard motorboats—$11 million exported annually to Canada
- $974 Million Missouri exports threatened by an emerging trade war
- $432 million Missouri exports to Canada targeted for retaliation
- $72 million Missouri exports to Mexico targeted for realiation
- $231 million Missouri exports to China targeted for retaliation
- $239 million Missouri exports to Europe targeted for retaliation
- Missouri’s hardest hit products:
- Fungicides—$114 million exported annually to Canada
- Retail Surface-active soap. etc.—$85 million exported annually to Canada
- Herbicides, antisprout—$64 million exported annually to Canada
