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While the United States and China began trade wars by trading "tariff bombs", China's retaliatory tariffs on the United States have shaken the support base of President Donald Trump. The Wall Street Journal (WSJ) cited an badysis by Moody's Analytics on Monday, June 6, indicating that China's retaliatory tariffs could cause mbadive damage to the 8 million people who voted for President Trump during According to the badysis, 20% of the regions that supported President Trump downplayed 25% of the local economy because of China's retaliatory tariffs. There are 8 million people here.
But only 3% of those who supported Democratic candidate Hillary Clinton had an economic loss of 25%. Of the areas that supported President Trump, only 8% saw a 25% economic gain from US tariffs in the US
Mark Lawn Moody's Analysts said the region was very profitable thanks to rates Chinese customs, is tightly concentrated around the Midwest industrial zone, but "the areas affected by China's retaliatory tariffs are much wider and more dispersed."
Soybean produced in the Central Plains region, the complexes Automotive manufacturing in the Upper Midwest and oil in Dakota and Texas are among the most damaging industries.
Moody & # 39; s Analytics In particular, China is the world's largest importer of soybeans , followed by Canada,
The United States began imposing a 25% tariff on Chinese imports worth $ 34 billion from 12:01 pm on May 5. have been Adopted.
(Seoul = News 1)
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