New research from the nonpartisan Tax Foundation shows that President Trump‘s tariffs cost the average American household $1,000 last year. That number is expected to rise to $1,300 per household this year if the current tariff structure remains the same.
This is a major hit to family budgets, especially when people are already dealing with high prices. The Tax Foundation says the cost may go up even more as we move into 2026. The research group called these tariffs “the largest U.S. tax increase as a percent of GDP since 1993.” The president’s main economic policy is making the cost of living worse for many families.
