Here's How Much Trump Tariffs Will Sock NJ, Report Says

New Jersey should expect to pay a hefty price for President Trump's ongoing trade war with China and Mexico, according to a report released this week by the U.S. Chamber of Commerce.

New Jersey businesses and consumers, in particular, should expect "very significant damage" caused by the trade war that will cause the prices of certain goods to go up, according to the report (see list below).

The report says $1.5 billion in exports from New Jersey will be threatened by the trade war. The Trump administration and China both hiked tariffs on billions of dollars of goods in May, and the U.S. followed that by threatening to impose tariffs on Mexico.

"Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses, including manufacturers, farmers, and technology companies, who will be forced to pay more for commonly used products and materials," according to the report.

The reort then cited a list of impacts caused by raising tariffs on goods shipped to and from the United states:

• New Jersey jobs supported by trade: 1,185,700
• Total state exports threatened by new tariffs: $1,504,349,824
• Total Exports to China threatened by new tariffs: $1,371,453,398
• Total exports to the European Union threatened by new tariffs: $132,896,426

Here the jobs that could be threatened:

• Parts and accessories for automatic data processing machines and units: $98,063,710
• Jewelry and parts, other precious metals: $70,193,740
• Copper waste and scrap: $52,931,792
• Eye make-up preparations: $54,307,389
• Powder make-up, etc. preps, including rouge and baby powder: $21,541,330
• Manicure or pedicure preparations: $19,557,307

Rep. Bill Pascrell, D-Passaic, has called for an inquiry that would obtain any documents or records shedding light on the formulation of the Trump administration’s tariffs policies.

“For too long, our workers and businesses have suffered because of a flood of subsidized, cheap imports and because of cheating from China. So I support strong trade enforcement action against China. Tariffs can be an effective enforcement tool if they are used to accomplish clearly defined goals, and not merely fashioned as a weapon,” said Pascrell.

“Everyone knows that the Trump administration’s tariff policy has been chaotic. Particularly troubling to me is that congressional Republicans have shown little interest in finding out whether there is a coherent strategy."