Tariffs Take Toll on South Carolina's Economy
South Carolina's economy is still reeling from the latest tariffs on Canadian-made products, which were enacted over a month ago. Joey Von Nessen, a research economist at the University of South Carolina, told the SC Daily Gazette that it's too early to gauge the impact of these tariffs.
The state's trade with Canada has been significant, with over $8 billion in goods and services moving between the two countries each year. Canada is South Carolina's third-largest export market, behind Germany and Mexico.
Among the top commodities imported from Canada are plastics, aircraft parts, and car parts. In return, South Carolina sends automobiles and rubber to Canada.
The tariffs have already had an impact on some companies, with BMW resuming shipments of X-model SUVs to Canada after initially halting them due to counter-tariffs. However, the automaker has not commented publicly on the latest tariffs.