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New analysis shows Trump's tariffs cost US households an average of $1,000 last year
President Donald Trump's tariff policies cost each American household an average of $1,000 last year, and are set to cost those households an average of $1,300 through 2026, according to new analysis. A new review of the president's tariff policies by the Tax Foundation, a nonpartisan research group, shows that tariffs on China, Canada, Mexico and the EU "amount to an average tax increase per U.S. household of $1,000 in 2025." If the tariffs stay in place, their costs could be equivalent to an average tax per household of $1,300 in 2026. Because most costs are passed on to consumers, experts say the majority ... (full story)
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