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Monday, Mar. 9, 2026

Did Trump’s tariffs amount to at least $1,000 in tax hikes per average U.S. household in 2025?

Brian Arola, MinnPost
yes

President Donald Trump’s tariffs cost U.S. households at least $1,000 on average in 2025, according to several reports from nonpartisan organizations.

A calculation by the Tax Foundation measured the average cost per household arising from tariffs on imported goods from China, Canada and other countries to be $1,000 last year. 

Other reports found a steeper tax hike. The Budget Lab at Yale estimated the per household cost to be $1,751 in 2025, while the National Taxpayers Union averaged out various estimates to arrive at a $2,048 annual cost.

Despite Trump’s claims that foreign governments pay for tariffs, economic analyses show Americans bear the brunt. About 90% of the economic burden of tariffs fell on U.S. consumers and firms last year, according to the Federal Reserve Bank of New York.

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