Much press about the states that could be hurt by Trump’s tariffs has focused on the number of targeted exports in each state. As a bank and capital markets consultant and trainer, a big part of what I do is to analyze what could adversely impact banks in order to determine the level of capital, liquidity, and risk management they need so that they do not end up requiring tax payer bailouts. After analyzing a number of data series, I believe that many more states than are usually cited are vulnerable to Trump’s tariffs. Read more