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Tariffs Could Inflate Holiday Costs by $29 Billion

11/16/2025

Summary

Story summary

Tariffs could add about $29 billion to holiday shopping costs in the 2025 season, according to a LendingTree study.
The study estimates an average of $132 more per shopper, with electronics and clothing bearing over 60% of the burden.
Retailers absorbed about 29.5% of tariff costs in 2024.
Because ongoing tariffs and inflation may reduce gift-giving and increase debt for many families, financial advisors urge monitoring prices and considering alternatives.

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Story summary

Tariffs could add about $29 billion to holiday shopping costs in the 2025 season, according to a LendingTree study.
The study estimates an average of $132 more per shopper, with electronics and clothing bearing over 60% of the burden.
Retailers absorbed about 29.5% of tariff costs in 2024.
Because ongoing tariffs and inflation may reduce gift-giving and increase debt for many families, financial advisors urge monitoring prices and considering alternatives.