Trump's tariffs have cost U.S. households $1,200 each, Democrats say

"Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.Using Treasury Department numbers on revenue from tariffs and Goldman Sachs estimates of who ends up paying for them, the Democrats' report Thursday found that American consumers' share of the bill came to nearly $159 billion - or $1,198 per household - from February through November."

"In his second term, Trump has reversed decades of U.S. policy that favored free trade. He's imposed double-digit tariffs on almost every country on earth. According to Yale University's Budget Lab, the average U.S. tariff has shot up from 2.4% at the beginning of the year to 16.8%, the highest since 1935."

"President Trump's tariffs have actually secured trillions in investments to make and hire in America as well as historic trade deals that finally level the playing field for American workers and industries,"

"Democrats spent decades complaining about lopsided trade deals undermining the American working class, and now they're complaining about the one president who has done something about it."

Sweeping import taxes increased consumer costs by nearly $159 billion from February through November, averaging about $1,198 per household. The average U.S. tariff rose from 2.4% to 16.8% this year, the highest level since 1935. The administration presents tariffs as protection for domestic industries, a magnet for investment, and a revenue source for the Treasury. A White House spokesman credited tariffs with securing trillions in investments and leveling the playing field for workers. Importers pay the taxes but typically pass higher costs to customers. Recent Democratic electoral gains in several states were linked in part to rising prices.

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