These U.S. states are hit hardest by Trump's tariffs
“What you’ll see is what economists call an asymmetrical distribution in terms of burden sharing around the states,” RSM Chief Economist Joe Brusuelas told Yahoo Finance. In other words, some states are going to be hit harder than others by increased tariffs on Chinese goods coming into the U.S.
“In 2018, the U.S. imported $186 billion of computers and electronics from China, which was by far the single-largest category, trailed most closely by $50 billion of imports of the related electrical equipment grouping, which includes household appliances,” JP Morgan analysts noted.
Imports to Tennessee accounted for 3.4% of total U.S. imports in 2018, according to U.S. Census Bureau data. The imports included pharmaceutical products, cellular phones, passenger motor vehicles, and portable automatic data processing machines, accounted for 7.3% of the state’s GDP. Five of the top 10 companies in the state are all in the health care industry.