Trump’s Tariffs Will Cost You About $500 This Year

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$250,000

You come to Mother Jones for unique journalism, and we love doing it for you. That's it. That's the upshot of our fall fundraising drive, and we're hoping to raise $250,000 in a shorter than normal three-week window so we can keep right on doing it.

Today the New York Times rounds up several estimates of the impact of Donald Trump’s beloved tariffs. So far. According to the Tax Foundation, they’ll raise $69 billion, which comes to $530 per household. According to the New York Fed, they’ll raise $106 billion when you account for deadweight losses—or $831 per household. The Penn Wharton Budget Model figures Trump’s tariffs will cost the average household about $500. But that’s not all:

So there you have it. The tariffs will cost you $500; they’ll cut growth; they’ll reduce wages; and they’ll eliminate 155,000 jobs. But other than that, how was the show, Mrs. Lincoln?