Virginia’s biggest trade partners among those hit by Trump’s tariffs

Virginia’sinternationaltradetotalsover$70billioninannualeconomicactivity.ThefutureofhowPresidentDoanldTrump’stariffpoliciescouldimpactthatactivitywasthesubjectofameetingheldinRichmondTuesday. StephanieAgeewiththeVirginiaEconomicDevelopmentPartnershipsaiditwouldtakesometimefortheimpactstobefelt.AccordingtoinsightssharedaspartofaVEDPAdvisoryCommitteeonInternationalTrademeetingTuesday,Virginia’simportsspikedlastyearlikelyduetoconcernsoverthetariffswe’refacingnow. Agee,who’sresponsibleforhelpingmediumandsmallbusinessesacrosstheCommonwealthgrowtheirmarketsoverseas,saidlong-termtariffswouldimpactVirginiaconsumerseventually. “Everycountryofsignificanceisimpactedbyatleasta10%increaseintariffs,sothere’saconcernthere,”shewarned,notingVirginia’sbiggesttradingpartners—China,CanadaandMexico—areamongthosehit. InnumberspresentedatTuesday’smeeting,Virginia’slargestexportsbyvalueincludedcoalbriqu