"New tariffs imposed by China will hurt US manufacturers," Barry told MultiBriefs in an email. President Trump ran for the White House in part on a plan to revive American manufacturing...What about agricultural businesses in the US-China trade tumult? "Farmers, already feeling the pain from an earlier round of tariffs, will be harmed even more," Barry said.
USCBC in the News
Despite the lifted tariffs from Mexico and Canada, the ongoing US-China trade war continues to put a strain on Hoosier farmers, manufacturers and consumers. According to the 2019 State Export Report from the US-China Business Council, a private bipartisan nonprofit organization of 200 American companies doing business in China, the trade war is moving “in the wrong direction.”
In all, Connecticut’s economy provides an estimated $1.5 billion in exports, with $900 million of that coming in the form of goods. Doug Barry, with the US-China Business Council, which boasts numerous Connecticut employers as members, says the state has a lot to lose if the tariffs remain in place, and the trade dispute continues. "Connecticut is a shining example of the growth of that trade because the trade with China over the last 10 years has grown by 111 percent versus about 20 percent to other...