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.