Fed: Which States are Most Exposed to Tariff Increases? A New Measure Based on the Consumption Channel
September 04, 2026
September 04, 2026
WASHINGTON, Sept. 4 -- The Federal Reserve issued the following Fed Notes article:
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Which states are most exposed to tariff increases? A new measure based on the consumption channel
By Nick Heyman, Colin J. Hottman, and Ryan Monarch/1
Introduction
This note examines the heterogeneous exposure of states in terms of their consumption of direct consumer goods imports, which is an important channel through which states are exposed . . .
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Which states are most exposed to tariff increases? A new measure based on the consumption channel
By Nick Heyman, Colin J. Hottman, and Ryan Monarch/1
Introduction
This note examines the heterogeneous exposure of states in terms of their consumption of direct consumer goods imports, which is an important channel through which states are exposed . . .