A BNSF freight train with 76 container cars and FedEx freight trailers travels from Seattle to points east on August 23, 2021 in Livingston, Montana. (Photo by William Campbell/Getty Images)
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According to President Donald Trump, the sweeping U.S. tariffs on imports from Canada and Mexico are coming.
The tariffs set to begin next week “will go forward” when a monthlong delay expires, Trump said Monday, and they will begin “on time, on schedule.”
If the administration follows through, the impact on economies across the U.S. will be extensive, though it will vary greatly from state to state. Texas and California, which have the biggest state economies, will be hit the hardest in absolute dollar values. But many states have massive exposure to trade from the two North American economic partners and will experience shocks to local economies, on top of the ongoing hit from tariffs on China.
Consider Montana, which tops the …