Trump's tariffs cost American households $1,000 last year: Research group

[douglas9]

Source: ABC News

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.

The research called Trump's tariffs "the largest U.S. tax increase as a percent of GDP since 1993." It suggests the president's signature economic policy is exacerbating cost of living concerns at a time when many households are grappling with persistently high prices.

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.



Read more: https://abcnews.go.com/Business/trumps-tariffs-cost-american-households-1000-year-research/story?id=130003484

[underpants]

1. Seems low to me.

[twodogsbarking]

2. Some of it was, well, redacted.

[progressoid]

3. I thought we had a previous study

That said it was $1500.

[riversedge]

4. seems this would apply to coffee only IMHO

[BigmanPigman]

5. Am I supposed to be waiting for my $2,000 from him?

Will it come in the mail or will I need to buy $4,000 of his cheap merch in order to receive it?

[Dr. T]

6. $264 billion in tariff revenue, far short of the trillions projected.

Last edited Tue Feb 10, 2026, 01:45 PM - Edit history (1)

Meanwhile, tax cuts for billionaire welfare queens are still on the books while the national debt spirals upward.

This goes back to Newt Gingrich. He was constantly searching for ways to shrink the government to the point where you could drown it in a bathtub. Bankrupting the government was one of the options. Congratulations, Newt. The dog has finally caught the car it was chasing. What happens next? Feudal system followed by a replay of the French Revolution?

[RainCaster]

7. I bought some lumber this week, OMG the price!

I had a long conversation with the guy at the counter who took my order. All about tarrifs and the idiotic child molester behind them. The MAGAt in line behind me was silent.
For those wondering, I went to my local lumber yard, not a big box store.

[not fooled]

8. And the intent was to replace income tax so the wealthy are subsidized

by purchases of imported goods made by the rest of us.

A long time kkkoch666 type fantasy.