Laurie Buckhout: North Carolina Paid $3.5 Billion In Tariff Costs

2025: North Carolina Paid $3.5 Billion In Tariff Costs Trump Implemented Under The International Emergency Economic Powers Act. [Axios, 2/20/26]

Image: see original report, p. 24

[Axios, 2/20/26]

• Axios: Trump’s Tariffs Likely Made Goods More Expensive As Businesses Passed Higher Costs Onto Everyday Americans. “Roughly $126 billion is now potentially up for grabs after the Supreme Court struck down a swath of President Trump's tariffs on Friday, according to the Trade Partnership Worldwide. Why it matters: Those tariffs likely made all kinds of stuff more expensive as businesses passed higher costs onto everyday Americans, but the ruling now could lead to a chaotic refund process — and it's unclear who gets to pocket that cash. […] State of play: The overturned IEEPA tariffs mean that billions of dollars are now in limbo across America, according to economic research firm Trade Partnership Worldwide, based on trade from February to December 2025.” [Axios, 2/20/26]