U.S. Tariffs to Cost $1.2 Trillion in 2025, Impacting Consumers and Companies

TL;DR Summary
Since Trump's tariffs were announced, Americans have experienced rising prices and empty shelves, impacting daily life and household budgets, with many feeling the economic strain despite government promises of benefits.
- ‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs The Guardian
- S&P analysis of 9,000 companies worldwide finds the real cost of tariffs and other corporate costs: $1.2 trillion Fortune
- Study: Tariffs to cost companies $1.2T this year, mostly hitting consumers Axios
- Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says CNBC
- State of U.S. Tariffs: October 17, 2025 The Budget Lab at Yale
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