OLYMPIA, Wash. – Tariffs could have a significant financial impact on Washington, potentially costing the state more than $2 billion and leading to the loss of 31,900 jobs over the next four years.

This information comes from a new report by the Washington State Office of Financial Management.

Governor Bob Ferguson addressed the issue during a press conference. The office used current statistics to project the future impact of tariffs if they continue throughout President Trump’s second term.

According to the U.S. Census Bureau, Washington ranked ninth in exports and 15th in imports among all 50 states in 2025.

Ferguson highlighted the potential increase in grocery prices as one of the consequences of the tariffs. “If you spend $200/week on your groceries, you’ll be spending an extra $

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