Trump China trade policies could hurt Baltimore and region, analysts say – Capital News Service
WASHINGTON – If new Trump administration policies trigger a trade war with China, the port of Baltimore and Maryland could see revenue and job losses, according to analysts.
However, imports into the Port of Baltimore benefit many states in the mid-Atlantic region.
“Certainly a lot of business is done out of the port,” said Benjamin Orr, executive director of the Maryland Center on Economic Policy, located in Baltimore. “But if there is a trade conflict with China, it’s not necessarily that the impact would land on Maryland’s economy specifically. Lots of goods that come into the port end up out of state.”
Orr said that the biggest impact of a potential trade dispute with China would likely be a loss of jobs at the port or in local industries that rely on China for business, such as container shipping companies.