These 10 U.S. Industries Are Most Threatened by China’s Tariffs

10. Tobacco: $162 million

Robert Donovan / Shutterstock.com

Top export state: North Carolina, $156 million

The tobacco industry relies heavily on China, where there are more smokers than there are U.S. citizens, according to the Laurinburg (North Carolina) Exchange newspaper.

U.S. growers are anxious about losing demand for their product as tariffs make their imports more costly to Chinese consumers, according to the report.

“There is a serious risk that the Chinese customer might not return to U.S. market even if all the tariffs went away,” Graham Boyd, executive vice president of the Tobacco Growers Association of North Carolina, told the Exchange.

Popular Articles

These 13 States Tax Social Security Income
These 13 States Tax Social Security Income

Uncle Sam is not the only one looking for a piece of your retirement income. Is your state on this list?

13 High-Paying Jobs You Can Do From Home
13 High-Paying Jobs You Can Do From Home

Hoping to work from the comfort of your bedroom? These home-based careers bring in good pay.

9 Great Travel Discounts That Begin in Your 60s
9 Great Travel Discounts That Begin in Your 60s

These offers of up to 50% off vacation expenses are proof that life gets better with age.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments