Executive tariffs have cost New Mexico an estimated $344 million since January 2025 — the 43rd-highest total in the country. About 90% of that fell on raw materials, parts, and equipment that New Mexico manufacturers buy, and the hardest-hit category is medical equipment & supplies at $40 million. Estimates prepared by Trade Partnership Worldwide for the National Taxpayers Union Foundation.
Last updated · Data through Q2 2026
Estimated Tariffs on Imports into New Mexico
in executive tariffs imposed by the president since January 2025.
of executive tariffs were on raw materials, parts, and equipment that help manufacturers in New Mexico remain competitive.
Key New Mexico Imports Facing Executive Tariffs
since Jan. 2025
July 2025–June 2026
since Jan. 2025
July 2025–June 2026
since Jan. 2025
July 2025–June 2026
since Jan. 2025
July 2025–June 2026
How does New Mexico compare?
New Mexico tariff costs — quick answers
How much have tariffs cost New Mexico?
Executive tariffs have cost New Mexico an estimated $344 million since January 2025, according to the National Taxpayers Union Foundation's State Tariffs Tracker (data through Q2 2026).
What share of New Mexico's tariff costs falls on manufacturers?
An estimated 90% of executive tariffs on imports into New Mexico applied to raw materials, parts, and equipment — the inputs New Mexico manufacturers rely on to produce goods and compete.
Which New Mexico imports face the highest tariff costs?
The hardest-hit import category in New Mexico is medical equipment & supplies, with an estimated $40 million in additional tariffs paid since January 2025 at an average tariff rate of 2.1%.
How often are these numbers updated?
Figures are updated quarterly, the same day new data is released, using estimates prepared by Trade Partnership Worldwide for the National Taxpayers Union Foundation.
Data through Q2 2026 · Estimates prepared by Trade Partnership Worldwide · Methodology