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    Home»Opinions»Shore up trade-driven economy, despite tariff threat
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    Shore up trade-driven economy, despite tariff threat

    The Daily FuseBy The Daily FuseNovember 3, 2025No Comments4 Mins Read
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    Shore up trade-driven economy, despite tariff threat
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    Image Seattle’s early twentieth century waterfront, the place ruthless railroad firms jockeyed for management of commerce routes between their inland tracks and the seas past. The bruising competitors produced widespread outcry for a unified public district to tame the chaotic, industrial shoreline. Fashioned in 1911, the Port of Seattle delivered consolidated wharves, piers and in the end a long time of extra orderly prosperity.

    That united imaginative and prescient helped Washington’s economic system blossom. Now 40% of the state’s jobs are linked to worldwide commerce.

    Right this moment the area faces a special type of chaos. The perpetrator this time is the Trump administration’s unilateral and punitive tariffs on many countries, together with this state’s main buying and selling companions. By September, imports by way of the Northwest Seaport Alliance, which embrace the ports of Tacoma and Seattle, had fallen 22% from the identical time in 2024.

    Washington’s leaders, together with Gov. Bob Ferguson, ought to recommit to a unified technique to keep up, and develop, alternatives for commerce.

    Larger tariffs right here lead to a brutal one-two punch. First, it means increased costs for a lot of imports, making an already sky-high state price of residing even increased. Second, it weakens the power of Washington’s firms, together with farmers, to export to different international locations. A Ferguson-commissioned Workplace of Monetary Administration examine anticipates state income will lower by $2.2 billion by way of 2029 because of tariffs.

    The reply can’t be to shrug. The state should enhance the infrastructure and ease of bringing Washington-grown and -made items to ports whereas searching for new abroad buying and selling companions. Leaders of state ports, together with the Northwest Seaport Alliance, are drafting a statewide trade strategy to do this.

    A $58 billion export market is at stake.

    “That gained’t proceed to develop with out some concerted efforts and partnership,” Eric ffitch, government director of the Washington Public Ports Affiliation, told the state Senate’s Enterprise, Monetary Companies & Commerce Committee Thursday.

    Missing such a aggressive technique has put the state’s economic system at a drawback — notably when the president has ratcheted the efficient tariff charge with different nations to 18%, the best degree in practically a century.

    Ferguson is aware of how important commerce is to Washington. Chatting with the Northwest Seaport Alliance Wednesday, he famous the alliance’s Seattle and Tacoma docks usually obtain “discretionary” cargo that might be shipped elsewhere if one other port makes a greater enterprise case. “We are able to’t take this gateway as a right,” he stated.

    On behalf of state leaders, companies and labor, the governor spearheaded submitting an amicus transient in a case earlier than U.S. Supreme Court docket over the legality of Trump’s tariffs, and whether or not the president is overreaching the powers of Congress. The courtroom hears arguments Nov. 5.

    However Ferguson’s tenacity in difficult the Trump administration also needs to translate to equal fervor to make Washington ports aggressive. He shouldn’t solely assist a statewide commerce technique however marshal the burden of state authorities to get behind the hassle.

    Given price range challenges awaiting the Legislature when it convenes in January, the governor warned that tax incentives for ports and state funding for infrastructure is probably going out of the query. However he can assist ports and their companions on their very own initiatives, such because the seaport alliance’s assist for an Jap Washington logistics heart linked by rail to the Puget Sound ports. He may use commerce missions and type worldwide relationships that open extra markets for Washington’s huge array of exports.  

    For the second, there’s some commerce struggle reduction. Trump halved punitive tariffs on China — the most important importer of Washington state items — to 10%, following a gathering with Chinese language President Xi Jinping in South Korea. However whether or not the détente will final is an open query. Additionally, the $50-a-ton charge the administration imposed on China-built container ships docking at U.S. ports was suspended for a 12 months.

    Additionally encouraging: The U.S. Senate — together with all Democratic members and a handful of Republicans — voted to reject Trump’s punitive tariffs, together with these on Canada. The U.S. Home, underneath the management of Speaker Mike Johnson, stays shuttered and gained’t take up the identical vote.

    Regardless, this state’s leaders nonetheless have affect over the destiny of our trade-driven economic system. Inaction at the moment means backsliding tomorrow. Time for Washington’s port officers, business leaders and elected lawmakers to redouble their efforts to place muscle behind shared objectives and a imaginative and prescient to maneuver Washington’s economic system ahead.     

    The Seattle Instances editorial board: members are editorial web page editor Kate Riley, Frank A. Blethen, Melissa Davis, Josh Farley, Alex Fryer, Claudia Rowe, Carlton Winfrey and William Ok. Blethen (emeritus).



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