Trump’s trade war costs Nevada millions, group says

you trade war at work
Source: Tariffs Hurt the Heartland

Nevada businesses are paying as much as 11 times more in tariffs than they were prior to President Trump launching a trade war with China, according to a group that opposes the tariffs.

In conjunction with CES, Tariffs Hurt the Heartland released data this week showing showing that in October 2018, the most recent month for which data was available, Nevada businesses paid $29 million in tariffs on imports – and $52 million in additional tariffs since the trade war began. The October 2018 price tag is more than 11 times higher than the cost of tariffs paid on the same products at the same time last year, the group said.

Nevada exports have also faced rising retaliatory tariffs. Since the trade war began, Nevada trading partners have paid $7.4 million in additional tariffs, including $2.2 million in October. Nevada exports subject to retaliation dropped by 49 percent compared to October 2017, the group said.

“Tariffs are taxes that make it harder for American businesses to make and sell their products, pay their workers and keep their doors open,” said Tariffs Hurt the Heartland executive director Brian Kuehl said in a statement. “From consumer electronics to farming, American businesses and workers are suffering under the weight of tariffs and paying for a trade war that has failed to achieve any of the administration’s goals. Costs are increasing by the month, exports are down, and the toll on our economy will only continue to grow.”

Jeniffer Solis
Reporter | Jeniffer was born and raised in Las Vegas, Nevada where she attended the University of Nevada, Las Vegas before graduating in 2017 with a B.A in Journalism and Media Studies. While at UNLV she was a senior staff writer for the student newspaper, the UNLV Scarlet and Gray Free Press, and a news reporter for KUNV 91.5 FM, covering everything from the Route 91 shooting to UNLV housing. She has also contributed to the UNLV News Center and worked as a production engineer for several KUNV broadcasts before joining the Nevada Current. She’s an Aries.

1 COMMENT

  1. Of course you were born and raised in Las Vegas of course all the negativity . Sometimes things that are done and we have no idea, Clueless or what they’re all about and not in your specific ream of knowledge. My suggestion for you is too wet our president do his job. As I see it in factual response the left are doing nothing but obstructing and resisting everything our president is trying to do. Democrat for over 40 years I registered to vote Democrat in the sixties and I am ashamed of the Democratic Party you look very young. Words are to be fought and won and when President Trump’s wins this one things will change around. I don’t understand why this country cannot have Unity? United we stand divided we fall. And remember America 1st and for the first time a president is putting America first.

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