Washington Terminals Would Feel Sting of Tariffs
State could lose billions in a trade war
Lucrative grain export terminals at local ports could become some of the latest casualties in the Trump administration’s escalating trade tiff with China according to a report at The Daily News.
Revenues at the ports in Longview and Kalama are closely tied to grain, and the ports would undoubtedly feel the sting of steep Chinese tariffs on U.S. grain exports.
Beijing proposed a 25 percent tariff on 106 U.S. products — including wheat, soybeans and corn — late last month in response to President Donald Trump’s plan to impose tariffs on Chinese technology products.
As one of the most trade-dependent states in the nation, however, Washington could lose billions in a trade war. The state exported more than $18 billion in goods to China last year, with airplanes and wheat among the top exports, according to U.S. trade data.
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