Trump tariffs "would fall particularly heavily on states in the Midwest and South"
This is via a bipartisan think tank in the US, Urban-Brookings Tax Policy Center.A paper from the centre looks at the proposed 10% tariff on all products and materials imported from abroad ... paired with a Trump-proposed 60% tariff on imports from ChinaIt concludes the impacts would include:trillions in revenue for the U.S. Treasuryhigher prices for American consumersslower growth for the economy, jobs and wagesBut it also looks at the geographical distribution of pain, the huge tariffs wouldn't affect all U.S. states uniformly,highest tariff payments would occur mostly in states in the Midwest and SouthIllinois, Michigan, Wisconsin, Kentucky, Indiana, Mississippi, TennesseeNo one is immune of course, the darker the colour in the diagram, the bigger the impact:Here is the link if you are interested in more. This article was written by Eamonn Sheridan at www.forexlive.com.
This is via a bipartisan think tank in the US, Urban-Brookings Tax Policy Center.
A paper from the centre looks at the
- proposed 10% tariff on all products and materials imported from abroad ... paired with a Trump-proposed 60% tariff on imports from China
It concludes the impacts would include:
- trillions in revenue for the U.S. Treasury
- higher prices for American consumers
- slower growth for the economy, jobs and wages
But it also looks at the geographical distribution of pain, the huge tariffs wouldn't affect all U.S. states uniformly,
- highest tariff payments would occur mostly in states in the Midwest and South
- Illinois, Michigan, Wisconsin, Kentucky, Indiana, Mississippi, Tennessee
No one is immune of course, the darker the colour in the diagram, the bigger the impact:
Here is the link if you are interested in more. This article was written by Eamonn Sheridan at www.forexlive.com.
