Raw Data: Here’s What the Trump Tariffs Are Costing You

Here are quarterly tariff receipts over the past few years:

Tariffs normally run about $40 billion per quarter. In the latest quarter, thanks to Trump’s tariffs, that was $35 billion higher. This amounts to $140 billion per year.

These tariffs are paid by US companies that import goods and are then passed along to consumers as higher prices. There are currently 130 million households in the United States, which means that Trump’s tariffs are costing the average household in America more than $1,000 per year.

It’s actually more than that, since the tariffs probably also have a negative impact on wages and GDP growth. But without even doing any fancy math to account for that, we’ve still got a simple cost of $1,000 per household to pay for Trump’s trade war. I hope all those working-class folks who voted for Trump because he said he’d look out for them are starting to figure out that it was a con all along. A thousand dollars is a lot of money.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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