Trade
Ongoing Tariff Battles Drive Surge in Seaport Cargo Volume
Shipments through the ports of Seattle and Tacoma hit record level
The Northwest Seaport Alliance turned in a record April in terms of international cargo, with container volumes up by double digits, both year over year and year to date, NWSA officials announced. The robust international cargo traffic recorded by NWSA played out during a booming economy that also is enduring turbulent trade winds with the…
Ongoing U.S.-China Trade Dispute Is a Drag on Washington States Exports
New report details the extent of the states economic exposure to retaliatory tariffs
The ongoing trade dispute between China and the United States, marked by retaliatory tariffs put in place by both nations, is resulting in costly blowback for Washington companies who are feeling the brunt of the tariff war between the two nations, a recent report by the Washington Council on International Trade (WCIT) reveals. The report…
The China Challenge: Washington Would Be a Major Casualty in a Trump Trade War
Washington state waits with bated breath as trade relations between the United States and China ride an unpredictable roller coaster.
This article appears in print in the January 2018 issue. Click here for a free subscription. Washington state has long benefited from its close business ties to China. Companies like Starbucks and Boeing depend on the Asian giant for major portions of their revenue growth. China is Washingtons No. 1 export market, accounting for $16…
Editors Note: Playing the Trump Card
Beware the pitfalls of an America First approach to trade.
With multinationals like nike capable of moving production from one cheap source to another shifting production from Japan to China and now to Vietnam and with uber-efficient importers like Costco, Walmart and Amazon bringing goods straight from factory to consumer, the United States has become the bargain basement of the world. Meanwhile, U.S. exporters often…