“US state budgets will not be much affected in the near term by additional tariffs on US-China trade,” Fitch Ratings wrote in a recently published report entitled “US-China Tariffs Could Pressure Long-Term State Revenues.” Below are some key takeaways from the publication. There could be some regional pressure if an industry that is heavily dependent on imported Chinese products is heavily concentrated in a particular business sector. In the long run, the cumulative effect of increasing bilateral tariffs and/or a broader trade conflict could eventually lead to a combination of higher unemployment, lower income and lower state tax revenues. There may be a long-term impact on the most exposed states if the US-China trade war escalates to a broader range of goods and services. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar heads for a weekly close near mid-94s after Trump’s unorthodox comments FX Street 5 years "US state budgets will not be much affected in the near term by additional tariffs on US-China trade," Fitch Ratings wrote in a recently published report entitled "US-China Tariffs Could Pressure Long-Term State Revenues." Below are some key takeaways from the publication. There could be some regional pressure if an industry that is heavily dependent on imported Chinese products is heavily concentrated in a particular business sector. In the long run, the cumulative effect of increasing bilateral tariffs and/or a broader trade conflict could eventually lead to a combination of higher unemployment, lower income and lower state tax revenues. There… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
