Administration Tariffs Cost Americans $317 Billion Through May 2026

Presidential tariffs hammer contested “swing” states, including $34 billion in extra tariffs on imports into Texas, $22 billion for Michigan, $19 billion for Georgia, $10 billion for Ohio, and $8 billion for North Carolina.

FOR IMMEDIATE RELEASE

WASHINGTON, D.C. – July 8, 2026 – Following the federal release of updated Census tariff data, We Pay the Tariffs today released comprehensive national and state-by-state data on the impact of presidential tariffs, showing that American businesses and consumers have paid $317 billion in extra tariffs on U.S. imports since March 2025.

These are the costs from additional tariffs the administration has implemented through various authorities, including IEEPA, Section 122, Section 301, and the unprecedented use of Section 232 tariffs.

In the month of May 2026 alone, tariff collections reached $22 billion on $305 billion  in imports, compared to just $7.1 billion in February 2025. Of the $22 billion collected, $19 billion (86%) resulted from presidential actions, including an estimated $9.2 billion from Section 122 tariffs, $7.4 billion from Section 232 tariffs, and $2.4 billion from Section 301 tariffs.

The new data, compiled by Trade Partnership Worldwide, provides a detailed breakdown of tariff costs in all 50 states. A map showing topline tariff costs by state and stories from tariff-impacted small businesses are available at https://www.wepaythetariffs.com/impact-map

"The latest figures are a damning indictment of tariffs’ impact on the US economy, with lots of pain but little gains for American workers, businesses, and families," said Dan Anthony, Executive Director of We Pay the Tariffs. "The trade deficit is up, goods exports and manufacturing jobs are down, and inflation is at its highest level in years. It’s disappointing that the Administration is barreling ahead with a flurry of new tariffs despite the results to date."

More Tariffs Ahead: The administration's temporary Section 122 tariffs, a 10 percent surcharge on imports from virtually every country, are set to expire on July 24. The administration has signaled it will replace them with permanent Section 301 tariffs in late July, adding new costs on top of the hundreds of billions of dollars businesses have already paid. Small businesses from across the country have signed We Pay the Tariffs' letter opposing permanent replacement tariffs, available at wepaythetariffs.com/no-permanent-tariffs-letter

About the Data

All data comes from Trade Partnership Worldwide's State Tariff Tracker ("Tracker") database. The Tracker combines national import and tariff data from the U.S. Census Bureau (Census), including details on special provisions that either lower tariffs (e.g., preference claims such as USMCA) or increase them (e.g., Chapter 99 rates for Section 301 or IEEPA tariffs), tariff schedules from the U.S. International Trade Commission (ITC), and state import value data from Census. Trade Partnership Worldwide data is frequently cited in national and international media, including The Wall Street Journal, The New York Times, The Washington Post, ABC, NBC, CBS, Axios, Politico, CNBC, CNN, BBC, and more.

View State-by-State Data: The map showing tariff costs for all 50 states is available at https://www.wepaythetariffs.com/impact-map

About We Pay the Tariffs

We Pay the Tariffs is a grassroots coalition of nearly 1,200 small businesses that advocate against tariffs. Members include restaurants, manufacturers, retailers, game companies, importers, and other enterprises from every U.S. region. For more information: www.wepaythetariffs.com

About Trade Partnership Worldwide

Trade Partnership Worldwide, LLC is an economic consulting firm specializing in international trade and economic policy analysis. The firm develops data-driven research on the impacts of trade policies on U.S. businesses, workers, and consumers, and its analysis is frequently cited by national and international media, policymakers, and industry stakeholders.

MEDIA CONTACT: press@wepaythetariffs.com