Pres. Trump's new tariffs on China bad news for already ailing Tenn. exports

May 10, 2019

Credit mtsu.edu/berc

MURFREESBORO, Tenn. (OSBORNE) -- The new tariffs imposed on China overnight by President Donald Trump could be especially bad news for Tennessee.

 

A report released earlier this week shows the state’s exports already down dramatically before the new tariffs were imposed.

 

Early Friday morning the president raised tariffs an additional 15 percent on $200 billion dollars worth of Chinese imports. The Chinese government says it will retaliate.

 

The Business and Economic Research Center at Middle Tennessee State reports Tennessee exports fell by a whopping $500 million in the final quarter of 2018. The report says that's the largest such drop in recent memory.

 

Reporter author and MTSU Economist Steven Livingston blames the drop on a strong dollar, weak global growth, supply chain problems, and the current trade war.