The report of the Chamber Report in Georgia emphasizes the influence of the trade war on the robust service industry of the state

Atlanta, GA. (Atlanta News First) – Georgia's Chamber of Commerce publishes A report On Thursday, this describes how tariffs and trade negotiations affect the service industry in Georgia.

Chris Clark, CEO of Georgia Chamber, said that there are concerns about retaliation measures that could begin a Ripple effect, which could suppress and lead to layoffs.

“I have heard of companies that literally lose 4 to 6 million US dollars a week. If we have prohibited, monitored or regulated these services in other ways, Georgia could cost this,” said Clark.

The report states that Georgia brought with it a trade surplus of $ 27 billion as companies, professional and technical services, financial services and transport services.

“Although this is not part of the government's focus on the trade war, there are obstacles and there are mutual trading tariffs, and China has already announced that it will pursue the service sector in the United States and will be affected by Georgia,” said Clark.

The leading export partners in Georgia include China with 1.2 billion US dollars, Canada with $ 2.1 billion and Mexico at 1.1 billion dollars.

Clark said Georgia had the opportunity to open more markets through negotiations, but they hope for a quick end to the tariff discussions.

“We have heard that China now looks at certain companies here in America that do business in China, and according to his intellectual property, its licensing, also the potential to take its products that are manufactured there and send them to another place. They have to be really careful.

>> Take a look at Clark's full address for tariffs:

The Service Economy in Georgia is based on international companies for business growth.

Ray Hill, Professor of Emory University, said the tariffs will probably cause a big change in the country's top sectors.

“We export about $ 300 billion more into services than we do. One of these services is therefore intellectual property. People pay us about $ 100 billion for intellectual property that we have developed as foreigners for their intellectual property.

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