With the full trade war between the US and China, a new report by investor observers shows which US is most exposed and what it means for the economy.
Florida, behind states like California and Texas, ranked 10th as a state that could have a negative impact from higher tariffs.
According to data, Florida imported $128.7 billion from China in 2024. Its imports are 11% and GDP is 7%. As the state’s consumer-driven economy relies on Chinese electronics, apparel and household items, tariffs could raise consumer prices and disrupt Florida’s large logistics sector.
Florida’s neighbor Georgia imported $17.52 billion from China in 2024, accounting for 12% of imports and 17% of GDP. The state’s logistics and distribution sector, centered around Atlanta and Savanna, relies on a stable flow of Chinese electronics and consumer goods, supporting thousands of jobs vulnerable to trade frictions.
Economic analysts say higher tariffs will disrupt supply chains, increase costs for Florida consumers, and slow the economy.
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Many retailers who do business in Sunshine, including Walmart, Amazon and Target, have already said that as retailers rely heavily on China for their products, customers may see their customers at higher prices and potential shortages for certain products.
The report notes that supply chain shortages will affect both large retailers and online shopping platforms.
“While some companies may try to absorb some of the extra costs, many companies will have to pass it on to consumers, potentially driving inflation and making it more difficult for families to grow their budgets.
