Economists calculated exactly how much Trump tariffs will cost you in 2026—and who is paying the most
The majority of President Trump’s tariffs were struck down earlier this year by the Supreme Court, but a number remain in place, with the threat of higher tariffs still to come. While the importers...
Source: www.fastcompany.com
The majority of President Trump’s tariffs were struck down earlier this year by the Supreme Court, but a number remain in place, with the threat of higher tariffs still to come. While the importers of tariffed goods are the ones who pay the actual tariff costs up front, they generally pass the cost of those tariffs onto you, the consumer, through higher prices. But just how much extra can you expect to pay this year based on the current tariff situation? That depends heavily on several factors, including your income level, your household size, and where you live in the country. The average household will pay around $600 in 2026 due to tariffs The good news is that the amount the average household will pay out during 2026 due to Trump’s tariffs is down from their 2025 levels, reports CNBC. In 2025, the average US household incurred about $1,000 in tariff-related expenses, according to an analysis by the nonpartisan Tax Foundation. But in 2026, that number is expected to shrink to