A United States Chamber of Commerce report indicates that losses to the Delaware economy from Trump Administration tariffs have risen to $37 million.
That’s up from $25 million in a previous estimate. The revised numbers reflect an expansion of the tariffs on a variety of goods.
Delaware’s impact is only a small fraction of an estimated loss of $1.2 billion to the economy in neighboring Pennsylvania.
The report lists the impact of Delaware tariffs as follows;
Total Exports to Canada Threatened by New Tariffs: $8,494,281
- Pipe Etc., Weld, Iron Or Nonalloy Steel: $3,133,251
- Sauces Etc. Mixed Condiments And Seasonings: $1,230,684
- Sacks & Bags (Including Cones) Of Polymers Of Ethylene: $1,033,584
Total Exports to China Threatened by New Tariffs: $14,453,976
- Lubricating preps Not Containing Petroleum Oils: $8,766,153 2. Tubes & Pipes Seamless, Iron & Steel: $2,189,929
- Nonionic Organic Surface-active Agents: $1,201,281
Total exports to EU threatened by new tariffs: $3,201,028
- Tubes & Pipes Seamless, Iron & Steel: $2,307,497
- Articles Of Iron Or Steel: $564,881
- Motorboats, Other Than Outboard Motorboats: $240,602
Total exports to Mexico threatened by new tariffs: $10,579,488
- Meat, Swine, Hams, Shoulders, Bone In, Fresh Or Chilled: $3,154,471 2. Cheese Fresh Including Whey Cheese Curd: $2,992,850
- Sausages, Similar Meat Etc: $2,169,147
The Trump Administration has argued that tariffs will put the U.S. in a better position in renegotiating trade agreements.
The U.S. Chamber has stood behind the president on other policies, including the recent federal tax cut.
See previous story below and click here for the full report.
Tariff Talks presented by the World Trade Center of Delaware
