RamsayBolton
Veteran
Trump's tariffs cost American households $1,000 last year: Research group
President Donald Trump’s tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation.
President Donald Trump's tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation.
The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said.
According to the research think tank Tax Foundation, the federal government collected $264 billion in total tariff revenues in 2025 -- far short of the trillions regularly touted by the White House. The research also finds the tariffs will offset most of the economic benefits of the new tax cuts from Trump's signature tax law that took effect this year.
Tariffs, which fluctuated through 2025 as the U.S. struck trade deals, primarily affected the cost of electronics, toys and cars that aren't manufactured domestically and foods that are grown abroad. The price of coffee rose by 33.6%, ground beef by 19.3%, romaine lettuce by 16.8% and frozen orange juice by 12.4%, according to the Bureau of Labor Statistics.


