A Study Just Found The Average Cost Americans Paid For Trump’s Tariffs In 2025, And It’s Expected To Get Worse
Last year, President Donald Trump announced new tariffs on imports from over 180 countries. At the time, Trump insisted that other countries would “eat” this extra cost. However, economists warned that Americans would end up paying the price.
Well, a new report from the nonpartisan Tax Foundation found just how much the tariffs cost Americans on average in 2025 — and, unfortunately, they’re predicting we’ll pay even more in 2026.
According to the report, “The Trump tariffs amount to an average tax increase per US household of $1,000 in 2025 and $1,300 in 2026.”
Additionally, the report found that, “The Trump tariffs are the largest US tax increase as a percent of GDP (0.54 percent for 2026) since 1993.”
This news comes after a study from the Kiel Institute for the World Economy reported last month that Americans had paid 96% of the cost of Trump’s tariffs while foreign exporters absorbed just 4%.
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In response, people are calling back to the viral moment when Trump called affordability a “con job by the Democrats.”
And noting that people on lower incomes will feel the cost of the tariffs more acutely than the top 1%.
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One person summed it up, “So basically, I paid 96% of the trade war for the honor of buying my essentials.”
Now I’m curious: Are you seeing the tariffs hit your budget? What have you noticed? Let me know in the comments or via this anonymous form:
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