Trump's tariffs have cost Indiana more than $8B since 2025
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Indiana has shouldered more than $8 billion in tariff costs from President Trump's trade actions since the start of 2025, equivalent to approximately $3,042 per Hoosier household.
Why it matters: Tariffs can raise prices at the register as businesses shift added costs to consumers.
By the numbers: Indiana has one of the highest per-household costs, 11th in the nation.
- States and territories have absorbed an estimated $342 billion in tariffs, according to National Taxpayers Union Foundation data.
- California has the largest tab at $62.8 billion, while Michigan's $23.2 billion amounts to an estimated $5,619 per household — the highest in the nation.
Zoom in: Auto parts are the biggest drivers of Indiana's tariff costs at $1.1 billion.
- That's followed by steel, aluminum and other metals at nearly $1 billion, electrical equipment at $554 million and medical equipment at $462 million.
Yes, but: The Supreme Court struck down Trump's sweeping emergency-power tariffs in February, and importers are now seeking refunds for billions of dollars in duties already paid.
- The data reflects tariffs collected through June 2026, including some costs that could ultimately be refunded, even as the administration explores alternative tariff approaches.
What we're watching: Trump's renewed trade tiff with Canada could exacerbate the tariff issue.
The fine print: Axios analyzed state tariff estimates from Trade Partnership Worldwide, compiled by the National Taxpayers Union Foundation.
- Per-household equivalents use Census Bureau American Community Survey data.
The bottom line: Trump's tariffs are international. For Indiana's manufacturers and households, their economic impact is local.