The trade wars have begun. Washington State does a great deal of international trade. In part, due to our northern ports facing the Pacific. But the State also produces a lot of products that are shipped overseas. The US Chamber of Commerce put together a state by state highlight of the value of exports that will face tariffs. For Washington State the value of goods facing tariffs is more $6 billion (uschamber.com/tariff_data/one_pagers/wa.pdf).
Mexico has been especially strategic and that nations's retaliation will hit Washington fruit hard as well as potatoes. The Canadian strategy is to avoid supply chain issues for Canada.
I am not convinced about the Trump administration strategy, particularly with regards to Canada, Mexico and the EU. And I suspect that China situation is not well understood and will lead to long term harm.
Krugman knows a bit about trade and suggests that Trump will be well remembered for his statement that "trade wars are good and easy to win": Krugman: how-to-lose-a-trade-war
It appears the European thinkers will be strategic as well voxeu.org/new-cold-trade-war.
For Washington State - exports will remain important. It will be hard to consume all those apples.
Mexico has been especially strategic and that nations's retaliation will hit Washington fruit hard as well as potatoes. The Canadian strategy is to avoid supply chain issues for Canada.
I am not convinced about the Trump administration strategy, particularly with regards to Canada, Mexico and the EU. And I suspect that China situation is not well understood and will lead to long term harm.
Krugman knows a bit about trade and suggests that Trump will be well remembered for his statement that "trade wars are good and easy to win": Krugman: how-to-lose-a-trade-war
It appears the European thinkers will be strategic as well voxeu.org/new-cold-trade-war.
For Washington State - exports will remain important. It will be hard to consume all those apples.
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