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U.S. exports may never recover from trade war

Christian Fernsby |
The Trump administration’s trade war is ravaging exports to China across the U.S., new data from the U.S. Commerce Department show.

Article continues below



Topics: U.S.    EXPORTS    TRADE    WAR   

More than 30 states stretching from Florida to Alaska suffered double-digit drops in merchandise exports to China through September of this year.

Sales to the Asian nation fell 39% in Texas, where oil and gas products comprise the largest export to that country.

In Alabama, which touts its status as the No. 3 auto-exporting state in the U.S., total shipments to China plunged 49% in the first nine months.

Florida’s merchandise sales to the country slumped 40% in the period, while West Virginia and Wisconsin each saw drops of about 25%.

Product exports to China from the U.S. as a whole dropped 15% to $78.8 billion.

Washington state, home of Boeing’s industrial base, saw total Chinese merchandise exports fall 45% through the third quarter amid the grounding of the 737 Max, the company’s best-selling jet.

China has struck back in the trade war by imposing duties on about $135 billion of U.S. goods, targeting everything from farming products like soybeans and pork to motorcycles, cosmetics and wigs. With talks underway for a phase-one deal, Beijing has re-upped its demands for the removal of tariffs the U.S. has put on $360 billion of Chinese imports.

Exports to China support more than a million U.S. jobs, according to the U.S.-China Business Council, which represents American companies doing business in China.

Oregon’s total exports to China surged 65% in the nine months, according to the data. Only about a third of the state’s products are impacted by the proposed tariffs.

South Carolina’s sales to China jumped 30% through September, partly on airplane exports. Some Boeing Co. 787 Dreamliner planes are made in the state and about 17% of those aircraft to date have been sold to China. The Chinese were set to buy 100 more Boeing wide-body jets, including the 787 and 777X, but the deal has stalled on trade uncertainties.


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