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Here’s Where Tariff Costs Are Piling Up—and Why Some States Are Hit Much Harder
New state-by-state data puts the cost of tariffs at $343 billion since 2025. However, some states are hit harder than others.Credit: InvestopediaKey TakeawaysU.S. importers have paid $343 billion in executive tariffs since January 2025, with Michigan, Georgia, and other auto-heavy states bearing the highest costs per household.Refunds from voided tariffs have boosted corporate profits, but consumers may not see the benefits due to limited refund pass-through.A new U.S.-Canada trade dispute is set to increase tariff costs for northern and industrial states, those already most impacted by…
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