Trump Tariffs Could Cost Households $1,500 Per Year, Mostly Through Higher Costs of Goods

• Trump's proposed 10% tariff on imports could cost US households $1,500 per year, according to economic analysis • Tariff would break down to increased costs of $90 on food, $120 on oil, $220 on cars, $70 on clothes, etc. annually • Tariff is centerpiece of Trump economic strategy focused on domestic manufacturing • Study says tariff would hurt US consumers and importers more than Chinese companies • Tariffs currently only account for 1.7% of annual federal revenue