New Delhi, Feb. 11 -- President Donald Trump's tariffs cost the average American household $1,000 in 2025, according to new research from the non-profit Tax Foundation. The burden is expected to rise to $1,300 per household in 2026 if the existing tariffs remain in place.

Trump has imposed multiple tariffs on US trading partners, including China, Canada, Mexico, and the European Union, under the International Emergency Economic Powers Act (IEEPA). In addition, he has threatened or applied Section 232 tariffs on a wide range of products including autos, heavy trucks, steel, aluminum, lumber, furniture, semiconductors, pharmaceuticals, and copper.

The research described Trump's tariffs as "the largest U.S. tax increase as a percent of GDP...