A group of representatives from Georgia’s agriculture and small business communities joined Tariffs Hurt the Heartland, a nationwide grassroots campaign against tariffs, at a town hall today to debut new economic data detailing the impact of tariffs on the state’s economy.
The data, compiled by the Trade Partnership, shows that tariffs cost Georgia businesses almost $205 million in September. That represents a 35 percent increase in tariff-related costs since the same point last year—even though the value of imports increased by just six percent over that period.
“These tariffs are hitting Georgians where it hurts the most. Retaliatory tariffs on Georgia exports have skyrocketed since August and are putting pressure on multiple industries from peanuts to seafood. Retailers are also beginning to feel the pain and fear what the new year might bring when tariffs increase to 25 percent,” added Angela Hofmann, co-founder of Farmers for Free Trade.
The Trade Partnership data also shows that Georgia exports were subject to more than $46 million in retaliatory tariffs, thanks to ongoing trade disputes. These costs weigh heavily on the shoulders of farmers, retailers, small business owners, employers and workers who support Georgia’s economy – those the administration promised to safeguard with its trade policies.