AI Generated Estimates for Annual Cost of Tariffs by Income Range

November 2025 AI generated summary of the cost of the Trump administration’s tariffs by income level.  Tariffs generate revenue for the Federal Government by taxing U.S. households through higher prices.  The Tax Foundation estimates that imposed and threatened tariffs could raise $1.8 trillion over the next decade while costing an average $1200/year per household and over 550,000 full time job equivalent hours.

Income Range	Tax Foundation Estimate (2025)	Yale Budget Lab Estimate (2026)
<$40,000	~$1,200 per year	~$1,700 per year
$40,000 – $90,000	~$2,500 per year	~$3,000 per year
>$90,000	~$6,000 per year	~$8-9,000 per year

Resources:

Tax Foundation: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

Yale Budget Lab: https://budgetlab.yale.edu/research/where-we-stand-fiscal-economic-and-distributional-effects-all-us-tariffs-enacted-2025-through-april