pull down to refresh
- The cost ultimately comes out of the value of the weaker currency
20 billion dollars of goods are affected
annual gdp is 31 trillion
20 billion is a rounding error nothing burger, grass fed or not
That would scale evenly across goods, so it wouldn't skew the relative impact on each state.
I realize your view is that there will be no impact on American exporters but I don't find that likely. It will be small though.
That's why such a graphic is intentionally misleading, if not simply retarded. Exports do not exist in a vacuum, states that export stuff also import stuff.
Also the exports no longer being exported can be consumed domestically for less as they no long subsidize a foreign currency, which means domestic consumption can increase.
Mapping every downstream effect to even the millions of dollars is basically impossible, one must look at the macro principles, removing the cost of subsidizing a foreign currency is pro-growth.
If only we had a free-floating currency that would obviate all this knob tweaking and creating uncertainty...