Fact of the Day: The Cost of Tariffs

Like most taxes, tariffs on goods and services get passed along to consumers in the form of higher prices. The cost of these tariffs has amounted to a steady $300 per household since the Reagan era, but that changed two years ago when President Trump imposed an array of new tariffs on foreign goods. American households now pay an average of $700 each in tariffs, more than double what they’ve paid under previous administrations.

DEMOCRACY DOES NOT EXIST...

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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