Trump's tariffs cost American households $1,000 last year: Tax Foundation
Tariffs raised the average U.S. household cost by $1,000 in 2025 and could increase to $1,300 in 2026, offsetting most benefits of recent tax cuts, Tax Foundation finds.
- Last year, the Tax Foundation found tariffs on China, Canada, Mexico and the EU raised household costs by $1,000 as the average effective tariff rate climbed from around 2% to roughly 10%.
- Using IEEPA, officials imposed broad tariffs on China, Canada, Mexico and the EU, raising the average effective tariff rate to roughly 10% in 2025.
- Independent data show coffee prices rose 33.6% and ground beef 19.3%, while the Kiel Institute found American consumers absorb 96% of tariff costs and federal tariff revenues totaled $264 billion in 2025.
- Households face rising grocery price inflation that worsens cost-of-living challenges, while legal uncertainty remains as U.S. courts have yet to rule following November oral arguments.
26 Articles
26 Articles
Media Reporting Trump's Tariffs Cost Americans $1,000, But They're Ignoring Overall Savings of His Policies
Media outlets were quick to glom onto a study that found President Donald Trump’s tariffs resulted in a $1,000 increase in costs to the average American household. However, they did […] The post Media Reporting Trump's Tariffs Cost Americans $1,000, But They're Ignoring Overall Savings of His Policies appeared first on The Western Journal.
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