Thursday , 21 November 2024
Home Forex Trump tariffs “would fall particularly heavily on states in the Midwest and South”
Forex

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 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.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Zelensky says Russia used new missile in attack on Ukraine today

The missile was reportedly fired from Astrakhan and targeted critical infrastructure in...

GBPUSD Technical Analysis – Waiting for a breakout

Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures...

ECB’s Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates

Approach to rate cuts must be gradualBut if December projections confirm baseline...

DegenLayer Introduces the First Memecoin Focused Blockchain

DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite,...