Trump’s tariffs will cost the average US household $900 in 2026

Political Guyentist · July 28, 20261 min read

The tariff package modeled by the Tax Foundation is projected to shrink long-run GDP by 0.4% and reduce hours worked by the equivalent of 367,000 full-time jobs before foreign retaliation. The provided figures do not specify which tariff measures the model includes.

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Economic effects erase $426 billion of projected tariff revenue

What we’re less sure of1 of 8 claims

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The $900 household estimate excludes costs associated with switching to more expensive alternatives and having fewer products available.
The methodological qualification is plausible but is not explicitly tied to a cited passage or named speaker in the story.