Georgia Chamber Publishes Seventh Report on the Impact of Tariffs on Georgia's Economy

Strategic Insights -

The Georgia Chamber of Commerce has released its seventh report on the impact of tariffs on the state's economy, highlighting the effects of recent trade agreements on Georgia's key industries. The report, titled "Strategic Trade Shifts & Georgia's Outlook," provides an update on trade negotiations with major partners, including Mexico, China, Canada, and the European Union. The report's findings aim to help businesses navigate the complex trade landscape and identify potential opportunities and challenges.

Key Takeaways:

  • The Georgia Chamber has published seven reports on the impact of tariffs on the state's economy, with the latest report focusing on trade negotiations with key partners.
  • Georgia set a new record for international trade activity in 2024, with $198.7 billion worth of total trade, making it the sixth-largest state in the US for total trade.
  • The report highlights the impact of recent trade agreements, including the US-Japan Trade & Investment Agreement, the US-EU Tariff Deal, and agreements with Indonesia, Vietnam, and the Philippines.
  • The deals open the door for more exports of Georgia's farm goods, cars, and aircraft, while creating opportunities for foreign investment.
  • Higher import tariffs may raise costs for local manufacturers that rely on overseas steel and parts.
  • The report is part of the Georgia Chamber's ongoing commitment to assist businesses and communities in navigating tariff measures and other trade barriers.

Statistics:

  • Georgia's total trade in 2024 reached $198.7 billion, making it the sixth-largest state in the US for total trade.
  • Georgia-grown, -made, and -produced goods were exported to 219 unique markets.
  • The US-Japan Trade & Investment Agreement involves a $550 billion Japanese investment pledge in "core American industries" and expanded purchases of US goods.
  • The US-EU Tariff Deal includes a promise from the EU to invest $600 billion in the US by 2028 and increase its US energy purchases.
  • Tariffs on Canadian goods have been increased from 25% to 35%.

Sources:

  • Georgia Chamber of Commerce
  • https://www.gachamber.com/news/georgia-chamber-publishes-seventh-report-on-the-impact-of-tariffs-on-georgias-economy/
  • Georgia Chamber of Commerce, "Strategic Trade Shifts & Georgia's Outlook" report
  • The New York Times, August 7, 2025