Minnesota

Minnesota's economy is a study in contrasts: Fortune 500 headquarters concentrated in the Twin Cities alongside vast agricultural expanses to the south and west. The state is the undisputed capital of medical devices — Medtronic, 3M's healthcare division, Boston Scientific's cardiac unit, and Abbott's diagnostics all have major Minnesota operations. Tariffs on imported components (precision sensors from Germany, rare earth magnets from China) raise device manufacturing costs, while retaliatory tariffs threaten export markets worth billions. 3M, headquartered in Maplewood, manufactures thousands of products dependent on global supply chains and faces both import cost increases and export retaliation. Minnesota's agricultural sector mirrors Iowa's pain: top-10 in soybeans, corn, and pork production, all facing retaliatory tariffs. The iron ore mines of the Iron Range benefit from steel tariffs that boost domestic steel prices, creating a rare in-state divide between mining communities that gain and manufacturing/farming communities that lose. Target Corporation, headquartered in Minneapolis, imports massive volumes of consumer goods from China — tariffs raise prices across 1,900+ stores nationwide.