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Fortune
Fortune
Tristan Bove

Trump’s tariffs dealt economic blows in all 50 states—hurting farmers, exporters, and shoppers alike

US President Donald Trump (Credit: Salwan Georges—Bloomberg/Getty Images)

When the Trump administration began its tariff campaign in 2025, some of the loudest critics focused on the consequences for Midwestern farmers or border states. A year in, the impact of tariffs has become clearer, and some research suggests no state has emerged completely unscathed.

Early last year, the Trump administration established one of the most sweeping tariff regimes in the country’s history, including a 10% duty across the board and country- and commodity-specific penalties, in some cases as high as 50%. These tariffs were widely expected to have a biting effect on the economy. But while some observers assumed the immediate pain would be confined to agricultural producers or states heavily reliant on international supply chains, the shock proved far more widespread. 

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