Tariffs as a Household Tax — Outcome
Reporting and findings
- reported
The Budget Lab modeled the tariffs then in effect as raising the short-run price level by 1.8 percent and reducing average household purchasing power by about $2,400 in 2025 dollars.
- The Budget Lab at Yale: State of U.S. Tariffs: August 1, 2025Executive summary and consumer-price effects
- The Budget Lab at Yale: One-Year Tariff Analysis: What We Got Right, What Changed, and What We LearnedPrice-effect retrospective and forecast comparison
People and organizations
- America First Audit — Tariffs as a Household Taxaudit case
- Donald J. Trumpcomparison subject
Money trail
lossSuperseded August 2025 purchasing-power model per average householdabout $2,400 per average household in the superseded August 2025 model - Loss or cost borne by
- U.S. households