Tariffs Cost US Households $1,200 Each
Update: 2025-12-12
Description
New calculations reveal that import taxes have cost the average American household nearly $1,200 since February, with consumers paying over $159 billion in total. Senator Maggie Hassan criticizes the presidents tariffs, stating theyve only driven prices higher. This policy marks a significant shift from decades of free trade, with average tariffs jumping from 2% to nearly 17%, the highest level since 1935. Despite the presidents intentions to protect industries and generate revenue, consumers are feeling the impact as importers pass on increased costs. High living costs have resonated with voters, contributing to Democratic successes in recent elections.
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