Friday, August 01, 2025

Tariffs Will Cost Households $2,400 This Year

Yale Budget Lab The price level from all 2025 tariffs rises by 1.8% in the short-run, the equivalent of an average per household income loss of $2,400 in 2025$. This assumes the Federal Reserve does not react to tariffs and so the real income adjustment comes primarily through prices rather than nominal incomes; if the Federal Reserve reacted, the adjustment could in part come in the form of lower nominal incomes. Annual pre-substitution losses for households at the bottom of the income distribution are $1,300. The post-substitution price increase settles at 1.5%, a $2,000 loss per household.

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The new tariff rates Trump announced Thursday are the highest in nearly a century and will cost the average family about $2,400 this year, the Yale Budget Lab said.[image or embed]

— Axios (@axios.com) Aug 1, 2025 at 11:56 AM

Comments

Pay up, suckers.

#1 | Posted by reinheitsgebot at 2025-08-01 01:43 PM

Daddy needs a new ballroom.

#2 | Posted by donnerboy at 2025-08-01 01:44 PM

And Trump voters will receive a $600 tariff rebate!

#3 | Posted by rstybeach11 at 2025-08-01 02:04 PM

$200 a month

meh... they can afford it

#4 | Posted by RightisTrite at 2025-08-01 05:54 PM

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