Data compiled by Trade Partnership Worldwide shows that the value of U.S. exports that could be subject to tariffs would increase five-fold, from $6 billion (based on the original Trump tariffs) to over $27 billion.
“This is a major tariff expansion on previous exports,” Anthony said.
EU retaliatory tariffs are set in two tranches — the products hit last time that are being reupped on April 1, and then the expansion of additional products, subject to further discussion, which could be enacted in mid-April.
On a percentage basis, new analysis on the EU retaliatory tariffs shows New York and North Dakota companies potentially having the highest share of exports in the retaliation crosshairs, which can impact demand on their goods: New York (39%), North Dakota (36%), Nebraska (32%), Iowa (26%), and West Virginia (26%).
On an absolute dollar basis, some of the states on the East and Gulf Coasts with major ports are among the top states facing new EU tariffs, including New Jersey, Georgia, North and South Carolina, Virginia, and Texas. Products from these states range widely, from casks for alcohol brewing to tobacco and tobacco products, peanuts, frozen and fresh orange juice, food oils, motorcycles, dishwashers, clothing, footwear, furniture, and carpets.