US-China trade war: the top 10 states(and companies) that might get screwed.

Discussion in 'Economics' started by MohdSalleh, Sep 26, 2010.

  1. The relentless pressure on both countries to expand their exports is threatening to create a trade war between the US and China.

    Congressmen, feeling the populist pressure from voters back home, have approved a new bill that would place import duties on Chinese goods, if they don't revalue the yuan. The bill has yet to be passed by the House or Senate.

    But if the U.S. government enters into a tit-for-tat trade war with China, it's likely the Chinese will respond. And that could hammer U.S. companies that export to China.

    We've evaluated the states, using data from the U.S. China Business Council, that export the most to China, and companies that might get crushed in each if a trade war commences.

    Read more:

    #10 Georgia

    #9 North Carolina

    #8 Ohio

    #7 New York

    #6 Illinois

    #5 Oregon

    #4 Louisiana

    #3 Texas

    #2 Washington

    #1 California
  2. What exactly do we manufacture and export to China? Treasury Bonds?
  3. pupu


  4. Div_Arb


    Intellectual capital comes to mind....

  5. Jobs!

  6. Table 2: Top US Exports to China 2009 ($ billion)
    *Calculated by USCBC
    Source: US International Trade Commission
    HS# Commodity description Volume % change over 2008
    85 Electrical machinery andand equipment 9.5 -16.8
    12 Oil seeds and oleaginous fruits 9.3 26.5
    84 Power generation equipment 8.4 -13.8
    88 Air and spacecraft 5.3 4.5
    39 Plastics and articles thereof 4.4 14.1
    90 Optics and medical equipment 4.0 6.0
    72, 73 Iron and steel *3.5 *6.9
    47 Pulp and paperboard 2.5 9.4
    29 Organic chemicals 2.4 15.1
    87 Vehicles, excluding railway 1.9 2.3