Trump's Tariffs Will Cost You $1,300 This Year. Here's What That Means for Stocks.
Source: Motley Fool
2026-02-18 05:04:00 ET
Open your pocketbooks. You're about to pay up for President Trump's tariffs this year.
That's the overriding message from a recent report published by the Tax Foundation, a nonpartisan organization focused on tax policy. The impact of tariffs will cost the average U.S. household $1,300 in 2026, based on the Tax Foundation's analysis.
With all of the tariffs already in place or scheduled to be levied as of Feb. 6, 2026, the average effective tariff rate is the highest since 1946. Trump's tariffs also represent the largest U.S. tax increase as a percentage of GDP since 1993, according to the Tax Foundation.
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