State Treasurer warns tariffs could have outsized impact on WAs financial strength

Washington State Treasurer Mike Pellicciotti highlights the risks to the state's financial stability posed by federally-imposed tariffs, despite its strong fiscal health ranking. U. S. News & World Report has recognized Washington as the top state for long-term fiscal stability for two consecutive years. Pellicciotti warns that as many as 33,000 jobs could be lost due to current trade policies, affecting agriculture and other sectors.

He notes that Washington's credit ratings now surpass those of the federal government, underscoring the state's financial resilience. However, he stresses that the agricultural economy, which is vital to the state, feels the negative impacts of tariffs first. Pellicciotti has engaged with local leaders to discuss the economic challenges, advocating for legal measures against what he calls "unlawfully and recklessly imposed tariffs. " He asserts that the financial strength of Washington will be essential in weathering these economic storms. The Treasurer's emphasis on agricultural economic development reflects his background in rural economic issues.