ASSOCIATED PRESSNew Mexico stands to be the biggest loser in an extended, high-tariff trade war between the United States and two of its most important trade partners, China and Mexico. While they might not agree with the trade war being fought with tariffs, most multinationals, Washington-based trade organizations, free-trading Republican senators and congressmen, and pundits have remained relatively muted. Here is a quick rundown of New Mexico's seven leading overall exports in 2018 and the percentage headed to China, to Mexico and then combined:World Total China Percentage Mexico Percentage Total Percentage All Commodities $ 3,654,789,388 $ 1,104,932,817 30.23% $ 1,419,379,594 38.84% 69.07% Computer chips, etc. All of these exports are high-value, sophisticated and high-tech, areas where the United States remains highly competitive, even dominant. The Port of Los Angeles has been hit hard by the China trade war.
Source: Forbes June 01, 2019 00:45 UTC