The Joint Economic Committee – Minority estimates that during the last year, the average American family has already paid more than $1,700 in tariff costs, with the costs climbing steadily since the beginning of President Trump’s second term. Though the Supreme Court recently struck down key portions of President Trump’s tariff agenda, this analysis shows how much this tax on American consumers has already cost American families. President Trump’s Administration has also already stated that it will roll out new tariffs to replace those that were recently struck down, which could result in further economic uncertainty and higher costs.

The Joint Economic Committee – Minority combined official data from the U.S. Treasury Department on the amount of tariff revenue collected between February 2025 and January 2026 with independent estimates from the nonpartisan Congressional Budget Office of the percent of each tariff dollar that is ultimately paid by American consumers. The Committee found that American consumers overall paid more than $231 billion in tariff costs between February 2025 and January 2026, an average of roughly $1,745 per family.