Oregon businesses paid $2.89 billion in tariffs on imports between March and December 2025, according to a report by three state agencies appointed by Governor Tina Kotek. The agencies investigated the impact of the Trump administration’s increased tariffs on the local economy. The State Suffered a $442 Million Tax Revenue LossEconomists report that the increased tariffs resulted in a $5.8 billion (17.3%) decline in exports during the review period, and the state experienced a $442 million loss in tax revenue. Oregon’s effective tariff rate differed slightly from the national average due to the state’s unique mix of imported goods. The report was produced by the Department of Administrative Services (DAS), the Oregon Business Development Department (OBDD), and the Oregon Employment Department (OED).