Saturday, June 01, 2019

2 maps show how every US state's economy could be affected by Trump's proposed Mexico tariffs

...Tariffs can have a negative economic impact on both countries involved in a trade dispute. Mexican firms exporting goods to the US could see a drop in sales, and American importers will likely see an increase in prices. Friday morning, stocks were falling in industries like auto manufacturing, which has supply chains distributed across North America that could be seriously interrupted by increased trade barriers between the US and Mexico. Chipotle, which relies on imports of avocados and other produce from Mexico, also saw a drop in its stock price. If the proposed tariffs come into effect, certain states where trade with Mexico makes up a big part of the economy could be hardest hit.
The US Census Bureau publishes annual figures for the total amount of goods imported and exported in each US state and DC. The Bureau breaks out import and export volumes for the 25 biggest trading partners for each state. Here's each state's total 2017 export volume to Mexico, according to the Census Bureau: 
 Imports show a similar picture.



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