A diverse group of Utah businesses will take financial hits if President Donald Trump’s tariffs compel China to take retaliatory measures, according to a World Trade Center Utah analysis released Wednesday.
Utah’s aerospace industry, aluminum recycling companies, beef and hog ranchers, plastics manufacturers and transportation-equipment suppliers, wheat farmers and orchard owners are all among the big losers if a trade war flares up between the U.S. and China, the nonprofit trade promotion agency said.
That’s out of $850 million in value-added goods that Utah companies shipped to China and Hong Kong in 2017, said World Trade Center Utah President and CEO Derek Miller, soon to become head of the Salt Lake Chamber.