Will Trump's tariffs amount to average tax increase of over $800 per US household in 2025? Check details

US President Donald Trump has put global leaders ill at ease with his threat of tariffs. Trump has unveiled and paused blanket tariffs on Canadian and Mexican goods over migration and illegal fentanyl, and hiked duties on Chinese imports in the same breath, triggering retaliation. Trump's tariffs could add an extra $830 tax this year on the average US household as analysed by the nonpartisan nonprofit Tax Foundation.