The head of the Georgia Chamber of Commerce issued a stark warning about the growing impact of international trade tariffs on the state’s economy.
Chris Clark, President and CEO of the Georgia Chamber, stated that the ongoing trade war, particularly between the United States and China, is now directly affecting businesses across all sectors in Georgia. “All of our businesses in Georgia are trying to make sense right now in Washington, particularly in Beijing,” Clark said. “We are seeing impacts across the board to every sector in the state.” Clark highlighted the potential negative effects on Georgia’s thriving film industry, noting that China’s National Film Administration is limiting the number of U.S. productions allowed in the Chinese market. He also expressed concerns about rising costs for construction companies due to tariffs on steel and concrete, and the unease felt by farmers in the agricultural sector. The Trump administration has imposed a 10% tariff on most U.S. imports, with a significantly higher 145% tariff on goods from China.
Clark is advising Georgia businesses to explore diversifying their markets, suggesting they look to countries like India and Indonesia as alternative trade partners. He also urged businesses to stockpile products where possible to mitigate potential supply chain disruptions. “I’ve encouraged the small businesses that I have talked to look to India, look at Indonesia and look at other market partners right now and go ahead and start ordering and start diversifying your product line today,” Clark said. “You should not wait thinking in 90 days this will all go away and be better. I think we’re in particularly on the Chinese front we are in for a long haul here.” The Georgia Chamber is currently advising larger employers, particularly in the manufacturing sector, to stockpile goods and products they are importing.
The Chamber emphasizes that the volatility and uncertainty of the trade battle pose a significant challenge for Georgia companies as they work to evaluate potential disruptions.
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