trump tariffs

Mon, 04 May 2026 08:58:18 +0000

The 2026 Trump tariffs amount to an average tax increase per US household of $700 and have not meaningfully altered the trade deficit. Here's what you should know about the 2025 Trump tariffs (Liberation Day tariffs) being challenged by small businesses at the Supreme Court. The tariffs now in effect threaten to offset much of the GDP growth from the tax cuts, while falling short of paying for them. New analysis finds the Trump tariffs will raise the cost of food for Americans, particularly food prices on coffee, fish, and alcohol.