Potential State Costs of New Tariffs on Canada, Mexico, and China

Potential State Costs of New Tariffs on Canada, Mexico, and China

Potential State Costs of New Tariffs on Canada, Mexico, and China

Using our new state tariff database, Trade Partnership Worldwide produced several maps highlighting the potential tariff increases — both by value and by percent — of recently announced IEEPA tariffs on several countries based on Jan.-Nov. 2024 trade data. Based on current trade, the announcements could lead to $700 million per day in new tax liabilities for American businesses.

Click here for tariff hike maps by value and by percent.

Given the announced pause in new tariffs on imports from Canada and Mexico, Trade Partnership Worldwide has updated our maps to show the state costs of potential new tariffs by US state from just the new tariffs on China.

The new rates would have added $39 billion in extra tariffs to Jan.-Nov. 2024 trade levels. That represents an 88% increase from all tariffs paid on imports from all source countries, or about $115 million in daily new taxes

Click here for updated China-only tariff hike maps by value and by percent.

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