By Samuel Taube At first glance, Michigan and Louisiana don’t seem to have much in common: One shares an extensive border with Canada, and the other is in the Deep South.
But the economies of these two states have an important similarity: Both derive more than a third of their gross domestic products (GDPs) from international trade.
They’re not exactly outliers, either. As you can see from this week’s chart, 40 of our 50 states would lose a double-digit chunk of their economies without international trade.
However, this chart isn’t about why trade is good or bad. It’s simply meant to remind you that there’s a …read more
