Washington State's Robust $11 Billion Trade Economy in Peril with Trump Return
Donald Trump’s election as president is a sure sign of rough seas ahead for Washington’s trade-dependent economy.
Trump has doubled down on his threats of stiff tariffs on imported goods, especially from China. Those tariffs doubtless will push up the cost of imported televisions, clothing, and the myriad of goods the U.S. buys from China.
More directly, the likelihood of trade retaliation by China and other counties will result in lower exports, which will hurt both Washington agriculture and the ports through which the goods pass. Trade wars may also add to Boeing’s woes, if China imposes barriers to U.S. jets.
China is Washington’s largest foreign market. We sold $11 billion in airplanes, farm products, and other goods to China in 2023 – more than all the sales to all the other overseas markets combined, including Japan, Mexico, and South Korea.
https://www.postalley.org/2024/11/12/washington-states-robust-11-billion-trade-economy-in-peril-with-trump-return/