By Howard Fischer | Capitol Media Services via Arizona Daily Star
Arizona stands to be the sixth-hardest-hit state in the country by President Trump’s plan to impose a 5% tariff on goods from Mexico, increasing costs to the state’s consumers by about $452 million, an analysis from the U.S. Chamber of Commerce shows.
The chamber also said if the levy goes to 25% in October, as the president has threatened, that would translate to an additional nearly $2.3 billion paid by Arizonans.
Arizona Gov. Doug Ducey, however, was unimpressed, taking a swat of sorts Monday at businesses concerned about the effects of the president’s threatened tariffs on the state and national economy.