Wisconsin exports decline since tariffs began

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Posted by of Insight Publications

Exports from Wisconsin have decreased since the United States began exchanging retaliatory tariffs with China, Canada and other countries, according to a report issued by the Federal Reserve Bank of Minneapolis.

The bank used data from the U.S. Department of Commerce that found Wisconsin exports were 4 percent lower in the first four months of 2019 compared to the same period in 2018. Aircraft parts saw the largest decline, but the report noted the information doesn’t always accurately count agricultural products and other goods that may travel elsewhere in the country before being exported.

Exports to China were 25 percent lower this year, according to the Federal Reserve. Goods targeted by tariffs declined 18 percent while goods not targeted by the tariffs declined 63 percent.

Exports to Canada and the European Union were each down 4 percent, while exports to Mexico increased 4 percent.