Tracking the Economic Impact of the Trump Tariffs (taxfoundation.org)
The Trump tariffs have not meaningfully altered the trade balance and amount to an average tax increase per US household of $900 in 2026.
"In 2025, the Trump tariffs amounted to an average tax INCREASE of $1,000 per US household. We estimate that the tariffs both announced and imposed ... will INCREASE taxes per US household by $900 in 2026."
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