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President Trump’s tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan <a href="https://www.archynewsy.com/oregon-plunges-in-tax-fairness-rankings/" title="Oregon Plunges in Tax Fairness Rankings">Tax Foundation</a>.</p>
<p>The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said.</p>
<p>ABC News’ Elizabeth Schulze broke down how tariffs have affected households and the broader economy.</p>
<p>Read more: | ABC News Live
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date: 2026-02-10 23:10:00