China Trade War Walloped More Than Half of US States in 2019
Exporters from most U.S. states experienced dismal sales to China last year as tariffs slammed products ranging from wheat and whiskey to ginseng and gas.
Total U.S. merchandise exports to China fell 11% last year to about $107 billion, according to the latest data from the U.S. Commerce Department. Particularly hard hit were some of the nation’s largest exporters to the Asian country -- Texas, Florida and Alabama -- which each saw sales plunge by more than 25%.
The figures don’t yet reflect two significant developments for the world economy this year: The U.S-China trade deal signed in January that is supposed to significantly boost American exports to China and the coronavirus outbreak in the Asian nation.
Amid the casualties, though, were some bright spots, including the presidential swing state of North Carolina, where exports to China jumped 40% last year to $3.25 billion, driven in large part by pharmaceutical sales.
https://www.msn.com/en-us/money/markets/china-trade-war-walloped-more-than-half-of-us-states-in-2019/ar-BB100Ifk?li=BBnbfcN&ocid=DELLDHP
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