Market Overview

Walton Family Foundation: Trade and Tariffs with China Cause Economic Hardship on America's Heartland Economy

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-Counties and Crops Across Heartland Affected Most -

As tensions rise between the United States and China over trade and
tariffs, the Walton Family Foundation released a new research brief
highlighting the negative impact in counties across the American
Heartland. Already, the Heartland Economy lags behind Coastal states and
new tariffs threaten to expand that gap even more. Read
the research brief here.

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https://www.businesswire.com/news/home/20180807005241/en/

In a new research brief, the Walton Family Foundation maps the impacts of U.S. tariffs against China ...

In a new research brief, the Walton Family Foundation maps the impacts of U.S. tariffs against China by county across the American Heartland. (Graphic: Business Wire)

"China clearly chose strategically to target these crops for retaliatory
tariffs to impart the greatest economic damages to President Trump's
base of supporters," said Ross DeVol, a Fellow at the Walton Family
Foundation. "China's tariff increases on U.S. crops will be felt in the
Heartland to a higher degree than anywhere else."

According to the research brief by the Foundation researchers DeVol and
Jonas Crews, the five most severely affected crops—corn, cotton, rice,
soybeans, and wheat—have been subjected to an additional 25 percent
tariffs by China. In addition, the intensity of production for the rest
of the country pales in comparison to that of the Heartland; among the
top 20 percent of counties with reported data, 89 percent are in the
Heartland. Further, 78 of the 82 counties with per-capita production
values over $20,000 are in the Heartland, and two of the non-Heartland
counties border a Heartland state.

DeVol's research is part of a one-year tenure at the foundation, where
he will assess opportunities for regional innovation ecosystems that
foster job creation, wage gains and economic growth for Middle America
residents. Learn
more about DeVol here.

About the Walton Family Foundation

The Walton Family Foundation is, at its core, a family-led foundation.
The children and grandchildren of our founders, Sam and Helen Walton,
lead the foundation and create access to opportunity for people and
communities. We work in three areas: improving K-12 education,
protecting rivers and oceans and the communities they support, and
investing in our home region of Northwest Arkansas and the
Arkansas-Mississippi Delta. In 2017, the foundation awarded more than
$535 million in grants in support of these initiatives.

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