State Governor Mark Gordon said he sees a “opportunity” for Wyoming in President Donald Trump's wars. At a press conference last week, the praise of the Wyoming delegation at the Congress of Trump's economic policies echoed as a tool for re -manufacturing to the United States and the nation's trade defect level with most of the world.
“The Trump tariff has created a kind of deck, and I think it is a great opportunity to be able to capture the game,” Gordon told reporters while highlighting April. Commercial mission to Japan and Taiwan. “Taiwan strongly understood that they can buy more energy (the United States) and this will help put them in the trade deficit.”
But the southwest of Wyoming, the world's largest source of natural soda, along with agricultural producers, and companies that depend on tourism and extractive industries of natural resources throughout the state – as well as ordinary consumers to equal equality in almost anything – causes anxiety, according to a Wyoming economist.
“There is no good way to recycle the Economic policies of the Trump administration in the short term,” said Associate Professor at Wyoming University of Economics, Rob Ghudbi, for Wyofile. “They were catastrophic, and they will be catastrophic.”
Goudbi pointed out that the global oil market dominates many global economy and plays a major role in the nation's economic pulse, especially Wymang. So far, the market reaction indicates the economic decline. He said this is bad for Wyoming's economy in all fields, and is subject to lower revenues to state treasures.
Godby also works on a group of unanimity revenues in the state, which consists of the best beans in the state charged with estimating revenues to finance government governments and local governments. While tourism and agriculture plays vital roles in the form of state revenues, Goudby and his fellow CREG members closely monitor coal, oil and natural gas.
In addition to saving more than $ 2.4 billion of state revenues in 2023, the oil and natural gas industry supported approximately 59,000 direct and indirect jobs in the state, according to the Wyoming Petroleum Association. but American oil prices have decreased since January 20When Trump began his second term at the White House, he slipped about 20 % to about $ 56 a barrel during the weekend.
“I would like to say that the greatest impact on our revenues is in fact the indirect impact that global oil prices will cause, which really leads oil revenues (Wyoming), especially last and a half.” “We do not see them completely in terms of numbers reported, but we know that they will strike us because these prices are much lower than what we expected.”
The CREG group is located on the front lines to measure Wyoming's weakness in international trade and the US public economy, according to Gordon's office. “We are closely monitoring the tariff situation, which is constantly changing,” said Michael Perman, Director of Communications at Gordon and Wifel.
Meanwhile, there are more sharp concerns about Wyoming regarding Trump's definitions and potential reprisals between American trading partners.
Trana and soda ash
Trona Mind in Wyoming is treated in the “natural” soda ash – a major component in the production of glass, baking soda and countless other products. The Wyoming's Trua and Soda ASH industry employs more than 2000 workers, compared to about 4,100 direct functions in coal mining in Wyoming, according to the Wyoming Mining Association.
To a large extent, Soda ASH is the largest foreign export commodity in the state in terms of sales. Of the total exports of Wyoming in the total exports in 2024, soda formed ashes about $ 1.3 billion, according to Judbi. China, the primary goal of Trump in the wars of customs tariffs, usually represents about 10 % of soda ash.
Godby said that if the industry will lose this by 10 %, it will be a big blow. Worse than that is the possibility that the wars of customs tariffs will give a price advantage for synthetic soda ash, which is not produced by Wyoming, and putting on exports to other countries.
“This may have a really major impact on our exports (soda ash),” he said, adding that it may weaken even the main expansion plans for ash refining in Tron in the region.
We are soda West projectThe Trua-Mine solutions will be created by billions of dollars in construction now near Granger, 2000 temporary construction jobs, more than 400 permanent jobs and enhance annual production by 3 million metric tons, according to the company. The Krik Trune Ligutum project, the proposed in Pacific Soda, south of the Green River, which has crossed several Organizational approval featuresIt would bring 2000 building jobs and construct about 300 full -time jobs, according to the company.
“This vital development (the Krik Trouna mine) will create hundreds of good -wage functions for the diligent Wyoming families while strengthening our local supply chain for basic minerals that keep the costs in the store for ordinary Americans,” Senator Centeh Lomes said in a statement prepared last week.
While Trona and Soda's ash producers in the state were very “difficulties” regarding exports in recent years, the global dynamics of commodities can change significantly if Trump's commercial wars escalated, according to Judbi. Although the industry is not among the three best major influencers regarding the form of the total revenue of the state, “it affects the southwest Wi -Meang.”
Although the industry may fight in terms of previous expectations to increase exports, Gordon said he hoped that Trump's policies will actually lead to bringing in vitreous manufacturing, which depends on the ashes of soda, and returns to the United States and for the first time in Wyoming.
“This is a long snapshot, but we are really talking about bringing in glass manufacturers,” Gordon said, noting that he and his team visited them. Corning glass manufacturer While in Taiwan. “We talked about the possibility of being able to locate the manufacturing here – a long dream for people in Wyoming. It may be a little more than a chance with the background of these definitions.”
Oh, Canada, and China
Another weakness in Wyoming in the wars of international tariffs exposed its dependence on Canada, the largest international commercial partner in the state. The nation to the north represents about 20 % of the state's exports and 55 % of imports, according to Judbi. This translates into a large exposure to multiple commodities, including strong trade from the components of agricultural, processing and heavy machines on which both countries depend on its extractive industries for natural resources.
“If you really want to sand the American economy, you will not have much best work.”
Rob Godbi, Wyoming University
“It is clear that this will have the effects of the supply chain in terms of effects on consumers, or the effects of what we produce, given the products that we bring from Canada,” Goudbi said.
He added: “If (Trump) becomes cruel with Canada, they will return back,” referring to the recent elections of Prime Minister Mark Carne, who Promises by reprimanding Trump's policies. “Although they know that it hurts, they are ready to do this, and Wyoming will be a victim of that trade war.”
Canada and China represent approximately 65 % of Wyoming imports, according to Judbi. “It is clear that Wyoming may be affected more than the nation as a whole, if we enter into a kind of trade conflict with these two countries.”
He is still, based on his speech Commercial mission to Japan and TaiwanGordon said he believed the definition and commercial policy negotiations as a motive for these markets – as well as others – to balance their trade deficit with the United States. Although he heard concerns about Trump's tariff and reprisal trade policies, he also heard assurances that Japan and Taiwan are interested in buding their trade with US roads to do so, which could include importing more Nuclear microscope It may be manufactured here.
Prime Minister (Japan, Xiju Ishiba) He said, “Look, we (80 % of the trade defect with the United States) in the 1980s and now we are less than 20 %. So, as you know, we are keen to work with you to restore balance,” Gordon said.
He added that this type of attention includes potential investments by Japan and Taiwan to expand the capabilities of ports in the United States and its beaches to increase the flow of coal and natural gas to those Asian countries and other Asian countries.
Although Wyoming may see some new deals to charge energy commodities to Asian markets, it will be despite the escalating definitions. The state may drop a new manufacture here at home, but these are long -term results that must be built first on the investor's confidence.
“Hope is not a strategy,” said Judby. He added that the Trump administration pumps the brakes completely on the definitions, as there is indeed a certain level of damage to the American trade relations – and a great part of that is the fact that no one knows what the Trump administration will do after that.
“With only public uncertainty, you will see (investments) decrease, which will harm our economy. There is no way to win this.” “If you really want to sand the American economy, you will not have much best work.”