{"id":274372,"date":"2025-04-17T22:54:40","date_gmt":"2025-04-17T22:54:40","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/17\/wisconsin-policy-forum-turbulence-for-wisconsins-export-economy\/"},"modified":"2025-06-25T17:08:49","modified_gmt":"2025-06-25T17:08:49","slug":"wisconsin-policy-forum-turbulence-for-wisconsins-export-economy","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/17\/wisconsin-policy-forum-turbulence-for-wisconsins-export-economy\/","title":{"rendered":"Wisconsin Policy Forum: \u201cTurbulence for Wisconsin\u2019s Export Economy\u201d"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-56434\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>An excellent overview is provided in <a href=\"https:\/\/wispolicyforum.org\/research\/turbulence-for-wisconsins-export-economy\/\">this report, out today<\/a> \u2014 although I\u2019d say the title likely understates the situation confronting Wisconsin.<\/p>\n<blockquote>\n<p><em>Manufacturing and agriculture play an outsized role in Wisconsin\u2019s economy, making exports essential. Yet since the mid-2010s, the value of those exports has fallen both statewide and in the Milwaukee area, the top exporting region in Wisconsin. Now newly enacted U.S. tariffs are triggering retaliatory actions by some major trading partners, making 2025 a bumpy ride so far for many Wisconsin businesses and farmers.<\/em><\/p>\n<\/blockquote>\n<p>As indicated in the graph below, Wisconsin never really recovered in real export terms from the first Trump trade war, which started in April\/May 2018.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-56435\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1.png\" alt=\"\" width=\"974\" height=\"749\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1.png 974w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1-300x231.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1-768x591.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wpf_fig1-624x480.png 624w\" sizes=\"(max-width: 974px) 100vw, 974px\"\/><\/a><\/p>\n<p>From my own perspective, Wisconsin as a medium industry heavy and trade dependent state is going to suffer as it did after the 2018 tariffs.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56436\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1.png\" alt=\"\" width=\"849\" height=\"532\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1.png 849w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1-768x481.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/wiexportspix1-624x391.png 624w\" sizes=\"(max-width: 849px) 100vw, 849px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Comparisons with the trade war of 2018 are going to be misleading. We haven\u2019t even seen tariffs effectively implemented in the data through March. \u201cLiberation Day\u201d was in April\u2026And here is trade policy uncertainty (as measured by Baker, Bloom and Davis):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56437\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix.png\" alt=\"\" width=\"849\" height=\"532\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix.png 849w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix-768x481.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/04\/epu_tradecat_pix-624x391.png 624w\" sizes=\"(max-width: 849px) 100vw, 849px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Trade policy uncertainty in March dwarfs any seen in the trade war of 2018-19.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/04\/wisconsin-policy-forum-turbulence-for-wisconsins-export-economy\" title=\"2:25 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-04-17T14:25:45-07:00\">April 17, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/04\/wisconsin-policy-forum-turbulence-for-wisconsins-export-economy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] An excellent overview is provided in this report, out today \u2014 although I\u2019d say the title likely understates the situation confronting Wisconsin. Manufacturing and<\/p>\n","protected":false},"author":1,"featured_media":274373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/274372"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=274372"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/274372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/274373"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=274372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=274372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=274372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}