The impact of tariffs on South Carolina’s economy was discussed Tuesday at the University of South Carolina’s 38th annual Economic Outlook Conference.
“We’ve got a strong presence of international business that’s an important part of our economy,” Darla Moore School of Business research division director Doug Woodward said. “So, when we have trade restrictions and protectionism like this, it’s something that is going to affect us in South Carolina and already has.”
Woodward gave a presentation at the conference called Tariffs and Trade Wars Impact on South Carolina and United States Outlook.
“2019 might be a better year than 2018 in terms of trade,” he said. “A lot of the disputes, particularly between China and Mexico, look like they may be resolved. We don’t know this for sure. This is political. It’s not economic. But there’s been some recent announcements that make it more encouraging.”
Woodward said South Carolina’s international business will continue to grow the economy. [Read more…]