A handful of states feel the biggest brunt of Trump's tariffs
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Tariffs imposed by President Trump have generated tens of billions of dollars in revenue for the government — but the burden falls far from equally on different states.
The big picture: Who pays for tariffs is a long-settled issue — American businesses do, to the tune of billions of dollars, in places like California and Texas especially.
Driving the news: Economic research firm Trade Partnership Worldwide shared a new analysis with Axios showing the state-by-state cost of tariffs imposed by Trump from January through May.
- These are presidential tariffs — that is, tariffs imposed by Trump rather than Congress, mostly this term but some dating to his first term.
By the numbers: From January 1 to May 31 of this year, California faced a tariff impact of $11.3 billion, by far the highest in the country.
- Texas was a distant second at $6 billion, followed by Michigan at $3.3 billion.
- In total, in 17 states companies faced a total impact of at least $1 billion over the first five months of the year.
- At the other end, 11 states had a burden of less than $100 million, with the smallest hits to Wyoming and Alaska at just over $16 million each.
The intrigue: The burden crosses political boundaries, too — more than half of the most-impacted states voted for Trump in the last election.
The bottom line: Recent deals, like one with Vietnam, prove tariffs aren't going away anytime soon.
