Tariffs as a Household Tax — Outcome

Entities and roles

• America First Audit — Tariffs as a Household Taxaudit case
• Donald J. Trumpcomparison subject

Money trail

1. lossSuperseded August 2025 purchasing-power model per average householdabout $2,400 per average household in the superseded August 2025 model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

Claims and evidence

1. factreported

   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