US households to pay $1300 more in 2026 due to tariffs: Study

A Tax Foundation study projects US households will face an extra $1,300 cost in 2026 from President Trump's tariffs, up from $1,000 in 2025, the largest tax hike since 1993. Tariffs have raised the average import rate to 9.9%, the highest since 1946, generating over $264 billion revenue last year while burdening consumers across income groups.