Michigan takes a big financial hit due to tariffs
Taxpayers in that state have paid $1.6 billion so far in additional tariffs.
One state where taxpayers are feeling the impact of tariffs is Michigan.
Taxpayers in that state have paid $1.6 billion so far in additional tariffs that were placed on imported products between May 2018 and August 2019. That includes $122 million in August alone, the Grand Rapids Business Journal reports.
The products include soybeans, dairy, wheat and pork.
That is according to Tariffs Hurt the Heartland, a bipartisan campaign group against tariffs.
The information came from the United States Census Bureau and U.S. Department of Agriculture.
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Grand Rapids, Michigan skyline
Michigan businesses, farmers and manufacturers have faced $589 million in new retaliatory tariffs, including $28 million in August.
Due to that, exports from Michigan are looking at a 7 percent drop this year.
President Trump placed an import tax on steel and aluminum last June, because it is only produced in a few states.
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Aerial view of Traverse City, Michigan. (iStock)
China retaliated with tariffs on agriculture items such as milk, soybeans, wheat and pork.
Michigan is a milk-producing state, with 15 percent of production going to China, but due to the tariff war, exports to China are down 54 percent from a year ago.
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In an effort to help the agricultural industry, between 2018 and 2019, the Trump administration has paid out about $28 billion to U.S. farmers, according to Bloomberg.