What Are Tariffs Costing Households?

The brief

Yale’s Budget Lab estimated on August 24 that current-law tariffs would ultimately raise consumer prices by about 0.7%, with annual household costs of roughly $1,100. Its analysis also projected about $1.9 trillion in revenue over ten years before accounting for negative GDP effects. [1]

Read the estimate correctly

These are modeled effects under the policy assumptions in that dated release, not a measurement of what each family has already paid. Spending patterns differ, and later policy changes can alter the estimates. [1]

The question to follow

Daymark’s analysis: evaluate the policy against its stated goals as well as its costs. Consumer prices, production, employment and government revenue answer different questions. One aggregate household estimate cannot settle every part of that trade-off.

Sources & update record

1. Yale Budget Lab · Policy snapshot, August 24, 2026

September 7, 2026 — Published this sourced summary. Dates within the story identify the underlying report or event. No original interviews were conducted for this edition.