Oregon Economy Suffers from Trump Tariffs

Oregon Governor Tina Kotek released a report on Monday showing that Oregon was disproportionately impacted by President Donald Trump's tariffs in 2025. The state's economy suffered from the imposition of 'Liberation Day' tariffs, which included 10% baseline tariffs against foreign countries and 25% tariffs against Canada and Mexico.

The report found that Oregon importers paid almost $3 billion in tariffs between March and December 2025, with the state's tariff rate climbing from about 2% to about 15% by fall. This led to a 17% drop in exports and an estimated loss of $442 million in revenue.

The report also noted that Oregon's General Fund revenue fell by an estimated $381 million, driven by decreases in personal and corporate income taxes, lottery revenues, and the Corporate Activity Tax.