A trade war with China could cost a wide variety of Utah businesses 60 million dollars.
The list includes Utah’s aerospace industry, hog farms, plastics manufacturers, aluminum recycling companies, wheat farmers and orchard owners.
A new report from World Trade Center Utah points out the following:
• Over 40% of Utah’s aluminum exports went to China and Hong Kong in 2017. Chinese tariffs on aluminum waste and scrap threaten over $26 million, more than a third of Utah’s aluminum exports worldwide.
• Utah exported over $19 million in beef products to China and Hong Kong in 2017. Chinese tariffs threaten all Utah beef products exported to China, nearly 20% of Utah’s worldwide beef exports.
• 14% of Utah’s $162 million in plastics exports went to China and Hong Kong in 2017. Chinese tariffs threaten about $12 million, or 7%, of Utah’s worldwide plastics exports.
• Chinese tariffs threaten indirect exports of nearly $20 million in Utah’s pork products and $300,000 in fruit, as estimated by The Utah Department of Agriculture and Food.
Today’s Top Stories
- Latter-day Saints apostle, cardiologist weighs in on wearing masks
- Trouble with Teams? Microsoft reports problems with “multiple 365 services.”
- Officer Tanya Turnbow, Tooele City Police Department
- Patty Jenkins describes the ‘complex’ joy of shooting ‘Wonder Woman 1984’
- Court weighs if lawyers can compel child victims to testify
- Forgotten Carols opens in movie theaters
- Harmons will begin administering COVID-19 vaccines to eligible groups
- I HEART SLC art piece supporting immigrants on display at this week’s UN conference
- Mitchell powers Jazz to 128-124 win over Wizards
- New study: Utah high on the list of alcohol-related boating accidents