Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Trump’s Tariffs Unevenly Impact States, with California Bearing the Brunt at $11.3 Billion

Trump’s Tariffs Unevenly Impact States, with California Bearing the Brunt at $11.3 Billion

2025/07/03 22:37
Show original

According to a report by Jinse Finance, tariffs imposed by Trump have generated tens of billions of dollars in revenue for the government, but the burden has not been evenly distributed among the states. An analysis by the economic research firm Trade Partnership Worldwide reveals the cost of tariffs to each state from January to May. From January 1 to May 31 of this year, California faced tariff impacts as high as $11.3 billion, the highest in the nation so far. Texas ranked second with $6 billion, followed closely by Michigan at $3.3 billion. In the first five months of this year, companies in 17 states each bore at least $1 billion in tariff costs. In contrast, 11 other states had tariff burdens below $100 million, with Wyoming and Alaska suffering the least, each losing just over $16 million. Among the states most affected, more than half voted for Trump in the last election.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales

Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.

智通财经•2026/11/11 03:57
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales

Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times

In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.

智通财经•2026/11/11 03:51
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times