December 5, 2016
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Federal Issues

Trump's trade deal stance could have an outsized impact on trade-dependent Washington

From software to apples, the world is hungry for what Washington produces. Four in 10 Washington jobs are tied to trade. With President-Elect Donald Trump promising to pull the United States out of the Trans-Pacific Partnership and renegotiate or withdraw from the North American Free Trade Agreement, or NAFTA, the impacts of his trade policies could be substantial in the Evergreen State.

The Puget Sound Business Journal took a deep look at what's at stake and what might be ahead. A few highlights:

  • Free international trade creates jobs in Washington. Exports support 430,000 Washington jobs, and are responsible for more than 30 percent of new jobs created in the state in the past three decades.
  • China is Washington's largest trading partner. Last year, China received 22.5 percent of Washington's exports. The state's next largest trading partners are Canda, Japan, Mexico and Korea.
  • Since NAFTA went into effect 20 years ago, Washington's exports to Mexico increase by nearly 700 percent. Trade between Washington and Canada increased by more than 200 percent.

Washington's future depends on strong global trade, business columnist Jon Talton wrote in The Seattle Times this weekend:

"No major modern nation in history has successfully embraced autarky -- radical self-sufficiency -- much less the world superpower, the country that built the trade system," Talton writes.

For more on federal issues, contact AWB Government Affairs Director Amy Anderson.

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