00:00It's Benzinga bringing Wall Street to Main Street.
00:02States facing key midterm elections paid over $134 billion in tariffs from March 2025 through
00:09November, as total tariffs reached $199 billion nationwide, according to CNBC. California paid
00:17$38 billion in tariffs, followed by Texas at $21 billion, Michigan at $13 billion,
00:24and Georgia at $12 billion. Trump called affordability a Democratic hoax and
00:29Treasury Secretary Scott Besant told Congress the tariffs do not cause inflation. A CNBC survey
00:35shows voter concerns about the economy, and a January New York Times and Siena University
00:40poll found 54% opposed the tariffs. Some GOP members joined Democrats to defeat a rule blocking
00:47House challenges to the tariffs. Small businesses and farmers reported higher costs, lost export
00:53markets, and delayed expansion. For all things money, visit Benzinga.com.
Comments