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Trump's Tariff Policies Set to Cost Households $1,300

2/10/2026

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Summary

Story summary

U.S. President Donald Trump’s tariff policies are estimated by the Tax Foundation to cost U.S. households about $1,000 in 2025, rising to $1,300 in 2026.
This increase is the largest U.S. tax hike as a share of GDP since 1993.
Tariffs raise costs for electronics, toys, and imported food, with price hikes for coffee and ground beef.
Tariff revenues totaled $264 billion in 2025, far below White House claims.

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Story summary

U.S. President Donald Trump’s tariff policies are estimated by the Tax Foundation to cost U.S. households about $1,000 in 2025, rising to $1,300 in 2026.
This increase is the largest U.S. tax hike as a share of GDP since 1993.
Tariffs raise costs for electronics, toys, and imported food, with price hikes for coffee and ground beef.
Tariff revenues totaled $264 billion in 2025, far below White House claims.