The pace of policy positions in America is fast! Startups, small businesses, workers, and citizens, generally, need to be aware and alert on how any proposed law or policy may impact their lives, revenues, cash, customer acquisition, R&D, revenue and more.
Take the wall between Mexico and United States, for example. The build out is estimated to take over three years and to cost over $14B dollars. Whether one thinks it is a wise and useful use of upfront tax dollars or not (as the jury is still out as to how it will be paid for), it’s a good idea to assess its impact on your bottom line. Depending on which state you live in, you could be impacted differently.
In order to gauge the impact of the economic fallout with Mexico on individual states, WalletHub’s analysts compared the 50 states and the District of Columbia across five key metrics. The data set ranges from “exports to Mexico as a share of state GDP” to “share of jobs supported by trade with Mexico.”
| States Most Affected by Trade War with Mexico | States Least Affected by Trade War with Mexico | ||||
| 1 | Texas | 42 | West Virginia | ||
| 2 | Arizona | 43 | New York | ||
| 3 | Michigan | 44 | Idaho | ||
| 4 | New Mexico | 45 | Oregon | ||
| 5 | Kentucky | 46 | Washington | ||
| 6 | Tennessee | 47 | Montana | ||
| 7 | Utah | 48 | Wyoming | ||
| 8 | Missouri | 49 | Maine | ||
| 9 | Alabama | 50 | District of Columbia | ||
| 10 | Iowa | 51 | Alaska | ||
Key Stats
- New Mexico is the most dependent state on exports to Mexico, supplying 44.63 percent of the state’s total exports to the country, whereas Hawaii is the least dependent, supplying 0.10 percent.
- Arizona is the most dependent state on imports from Mexico, receiving 38.60 percent of total U.S. imports from the country, whereas the District of Columbia is the least dependent, receiving 0.77 percent.
- Texas supplies the highest exports to Mexico as a share of state GDP, 5.80 percent, whereas the District of Columbia and Hawaii supply the lowest amount, almost zero.
- Michigan receives the highest imports from Mexico as a share of state GDP, 9.36 percent, whereas the District of Columbia receives the lowest amount at 0.01 percent.
- The District of Columbia has the highest share of jobs supported by trade with Mexico, 6.88 percent, whereas Oklahoma has the lowest at 2.97 percent.
To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/
