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Bacon: Nebraska GDP down 6 percent under Trump
NEBRASKA, UNITED STATES, AUG 5 – Rep. Don Bacon attributes Nebraska's 6% GDP decline to tariffs that have harmed commodity prices and exports, especially corn and soybeans, impacting the agricultural sector.
- On Monday, Nebraska Representative Don Bacon told CNN that Nebraska’s GDP decreased by 6% over the last year, describing it as “a troubled time.”
- The last major Republican tariff move was the 1930s Smoot-Hawley Act, which Bacon said was poor policy, and tariffs on 80 different countries are unsound.
- President Donald Trump said the second quarter's 3 percent growth exceeded expectations, but real GDP grew a sluggish 1.2 percent in the first half of 2025 amid tariff uncertainty and sour consumer sentiment.
- Nebraska is losing share of the market right now, and Bacon said “What we’re seeing is basically a recession economy in Nebraska and Iowa right now”, with a 6.1 percent decline in Nebraska.
- Thomas Sampson cautioned there is "too much uncertainty over the future of U.S. trade policy" to predict GDP confidently, and Bill Adams told Newsweek that tariff increases may further impact growth.
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Bacon: Nebraska GDP down 6 percent under Trump
Rep. Don Bacon (Neb.), a moderate Republican, said he’s concerned about the U.S. economy, noting his state saw a 6 percent annual drop in real gross domestic product (GDP) in the first quarter of 2025. In an interview with CNN’s Phil Mattingly, Bacon pointed to the recent jobs data and the latest round of tariffs…
Republican Says State’s GDP Has Plunged 6% Due to Trade War—’Troubled Time’
A Republican congressman has warned that tariffs are having an outsized impact on his state’s economy. “We’re now in a troubled time,” Nebraska Representative Don Bacon told CNN on Monday. “And honestly, in Nebraska, the GDP here has decreased by 6 percent over the last year,” he continued. “And it’s all about trade. It’s all about getting corn and soybeans out the door.” Why It Matters Tariffs have not yet made successive dents in America’s eco…
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