07-09-2018, 12:51 AM
China’s Belt and Road Initiative aims to build trade infrastructure and expand Beijing’s global influence. As the U.S. turns increasingly protectionist, disrupted supply chains could send countries moving closer to China. Still, China’s globe-spanning project has faced problems, including debt overload and political risks.
Trump trade threats could boost China’s global economic clout
Red states, so-called because they're historically Republican or voted for Trump in 2016, stand to lose more because they benefit the most from trade with other countries, Citi's Peterson said. Imports and exports to red states totaled $2.1 trillion last year, compared to $1.7 trillion for Democratic blue states. Texas, Michigan, and Illinois were among the largest contributors to trade nationwide, since they have some of the largest ports. After examining the kinds of goods that could be taxed, Citi found that red states ship more to countries that could retaliate US tariffs. These exports include various kinds of food, beverages, luxury goods and medical appliances — all of which are under the purview of tariffs.
Trump tariffs and trade war will hurt red states most, economists say - Business Insider