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WIBC 9AM-Noon Podcast

New research outlines the impact of Trump’s tariffs cost on the average American household

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 10 February 2026

⏱️ 9 minutes

🧾️ Download transcript

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0:00.0

There was some new research that came out. It was done by the Tax Foundation, and they said that

0:05.1

the tariffs have cost the average American household about $1,000 last year, and that figure could

0:11.4

rise up to $1,300 this year if the tariffs stay in place. The study calls the tariff policies

0:19.1

the largest U.S. tax increase as a percent of GDP

0:23.2

since 1993. Yikes. Tariffs especially high on electronics and toys, cars and car parts, and also

0:32.4

some different food items like coffee and beef and lettuce and juice. Now, I'm always skeptical about these things because, of course, this came out from a

0:40.9

think tank called the Tax Foundation, and every think tank in the world has an agenda.

0:46.5

They've got an agenda they want to push, usually a political agenda, and usually either

0:50.6

from the left or from the right.

0:52.3

And so I always like to research this because of anything critical of Donald Trump,

0:56.2

if it comes out from a think tank that's left leaning, well, they've got that left-wing

1:00.7

agenda to push.

1:01.7

But here's the interesting thing about all this.

1:03.4

The Tax Foundation is generally considered a center-right and right-leaning nonpartisan think tank.

1:10.1

Right.

1:10.4

They call himself nonpartisan.

1:12.3

Well, but even though they do that, the analysis on this group is that it is a right-leaning think tank.

1:17.3

So it's interesting to see that. Now, I will say this, that in general, most people that are

1:21.9

conservative, especially conservative economists, have been against tariffs this entire time so that

1:27.2

fits with that that narrative.

1:29.2

But the other big part of this too, and what makes me question all of this, these economists and

1:34.3

experts that have talked about how tariffs are going to be the worst thing in the world and they're

...

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