Trade Trouble

• The Trump administration’s trade war is ravaging exports to China across the U.S. and well beyond the farm belt, new data from the U.S. Commerce Department show.
• More than 30 states stretching from Florida to Alaska suffered double-digit drops in merchandise exports to China through September of this year.
• Sales to the Asian nation fell 39% in Texas, where oil and gas products comprise the largest export to that country. Exports to China support more than a million U.S. jobs, according to the U.S.-China Business Council, which represents American companies doing business in China.

(Source: Bloomberg)