How tariffs are impacting Arizona companies

Here's a look at how local companies are already feeling the tariff fallout.

📉 Each of Arizona's 10 largest publicly traded companies saw their stock prices fall last week as the market responded to President Trump's tariff plan.

😬 By the numbers: Carvana, an online used car retailer based in Tempe, and Microchip Technology, a semiconductor company based in Chandler, fared the worst. Each saw stock prices dip about 20% in the past week.

🧑‍🌾 Arizona farmers expect to pay higher prices on imported fertilizer, pesticides and machinery and worry that retaliatory tariffs will make it more expensive to ship produce internationally, The Arizona Republic reported.

🚘 ASU supply chain expert Hitendra Chaturvedi told Arizona's Family he expects imported vehicles to cost $5,000-$10,000 more in the next two to three months. And those inflated prices will also drive up the price of used cars, he said.

🛍️ Douglas Mayor Jose Grijalva told Newsweek his constituents may cross the border into Mexico to purchase groceries to avoid tariff-induced price hikes.

🌯 Cocina Adamex owner Adriana Zapata told the State Press she's bracing for higher produce costs and may have to scale back on dishes that include avocado.