TARIFF TOTALS

While we can argue if households, firms, or manufacturers effectively pay tariffs, the data is in. From 1/1/25-5/31/25, California businesses paid $11.3 billion in tariffs. Texas was a distant second at $6 billion, then Michigan at $3.3 billion. 14 more states paid over $1 billion in tariffs. 11 states paid less than $100 million, with Alaska and Wyoming taking the smallest hits at just over $16 million each.