Despite Supreme Court Ruling, Updated Report Shows How Tariffs Have Already Cost American Families 

WASHINGTON – Following the Supreme Court’s decision today to overturn Trump’s tariffs, the Joint Economic Committee – Minority released an updated report estimating that American families have already paid more than $1,700 each in tariff costs since President Trump took office. Combining Treasury Department data on the amount of tariff revenue collected across the first year of Trump’s term with independent estimates from the nonpartisan Congressional Budget Office of the percent of each tariff dollar that is paid by American consumers, the Committee found that they paid more than $231 billion in total tariff costs between February 2025 and January 2026, an average of more than $1,700 per family.

“President Trump’s tariffs have been a disaster for American families, driving costs up at the worst possible time,” said U.S. Senator Maggie Hassan, Ranking Member of the Joint Economic Committee. “While the Supreme Court has thankfully and correctly ruled that much of Trump’s tariff agenda was an illegal exercise of presidential power, today’s ruling cannot undo the damage that tariffs have already caused.”

Read the full report on the cost of Trump’s tariffs here.