Trade War with Canada: Wisconsin Awaits Retaliation
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Anybody familiar with the gravity model of trade would be unsurprised that Wisconsin (exports) a lot to Canada.
Figure 1: Wisconsin goods exports to world (black, right scale), Canada (blue, left scale), Mexico (red scale), mn.2017$. Nominal data deflated by BEA deflator. Light orange shading denotes Trump administrations. Source: Census via ITA, BEA via FRED, and author’s calculations.
Notice Wisconsin exports tend to go down during “orange” periods. Anyway, Wisconsin awaits
Figure 1: Wisconsin goods exports to world (black, right scale), Canada (blue, left scale), Mexico (red scale), mn.2017$. Nominal data deflated by BEA deflator. Light orange shading denotes Trump administrations. Source: Census via ITA, BEA via FRED, and author’s calculations.
Notice Wisconsin exports tend to go down during “orange” periods. Anyway, Wisconsin awaits
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