As Gov. Asa Hutchinson wraps up his fourth Far East trade mission, a new report released Wednesday (Nov. 6) by a coalition of U.S. trade groups says the ongoing trade war could cost Arkansas nearly 20,000 jobs and that Arkansas businesses have already paid an extra $214 million in import taxes on products subject to Trump Administration tariffs.

The report, by a Washington, D.C.-based trade group known as Tariffs Hurt the Heartland, also states that Arkansas exports have faced $98 million in new retaliatory tariffs from our trading partners, including $12 million in August. The report notes that tariffs on goods from China accounted for $140 million of the new taxes paid to date. Overall, Arkansas imported $3.3 billion of so-called “List 4” products in

Read More At Article Source | Article Attribution