The Everett Herald’s editorial board wrote an editorial about the importance of international trade to the Northwest and why we should all be concerned about increasing tariffs and other steps to curb international trade.
For a state such as Washington that is dependent on international trade for its businesses, jobs and overall economy, hearing an incoming U.S. president describe tariffs as “the most beautiful word in the dictionary,” and tout trade wars as “good and easy to win,” the coming of Trump administration 2.0 might be unsettling.
As with most of the players among Washington state’s exporters and importers, Lori Otto Punke, president of the Washington Council on International Trade — the Northwest’s leading association advocating for trade and investment policy — has been here before; she began leading the WCIT at the start of Donald Trump’s first term, nearly eight years ago.
The incoming Trump administration’s influence regarding trade in Washington was the subject of discussions this week among members of the Washington State Port Association, Otto Punke said, including what to expect and how to navigate the next four years, based on his first term and what he’s promised for his second.
“It’s an important conversation for Washington state,” she said.
About 40 percent of jobs in Washington state are tied to international trade.