Washington is one of the nation’s most trade-driven states, so political and business leaders here watch trade policy closely. Many of the state’s agricultural products and manufactured goods are exported to China and other nations likely to be affected by increased tariffs. As well, retaliatory tariffs can lead to increases in prices paid by producers and consumers.
Some are concerned that a trade war could jeopardize economic growth. Others believe that the nation’s trade deficit is a result of poor trade agreements that should be renegotiated. The tariff increases are, in this view, a step toward rebalancing trade policy to protect American jobs.
As we noted last week, experts see Washington as one of the states at most risk in a trade war. Do you agree? Do proposed changes in trade policy concern you? Let us know by taking our brief survey below.