Chart of the Week: Those at Risk

Coming into this year, tax reform looked to be the catalyst we needed to kick-start economic growth after years of lethargic growth. Shortly after these benefits were seemingly on their way to being realized, the president began his first round of tariff threats on goods from our biggest trade partners.

For a while following the initial banter, it seemed as though trade talks were progressing, and hope was still out there for averting a trade war. Those hopes now seem to be in question after the announcement that Chinese tariffs are back on the table and a new NAFTA agreement looks unlikely based on recent talks between the U.S. and Canada.

Chart ThoseatRisk

The chart above shows that 43 out of 50 states’ top international export partner is one of the countries that the U.S. is currently at odds with on trade. While it is uncertain how this next round of discussions will play out, we are watching this situation carefully as the adverse economic impacts of a trade war are vast.