The Congressional Joint Economic Committee – Minority released a report estimating that American families have already paid more than $1,700 each in tariff costs since President Donald Trump took office.
This analysis by the JEC Minority followed the Supreme Court’s decision last week to overturn Trump’s tariffs.
“President Trump’s tariffs have been a disaster for American families, driving costs up at the worst possible time,” U.S. Sen. Maggie Hassan (D-NH), ranking member of the Joint Economic Committee, said. “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.”
The Committee found that families paid more than $231 billion in total tariff costs between February 2025 and January 2026, an average of more than $1,700 per family. This information was gathered by 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.
“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 JEC report said.