Here’s how Trump’s tariffs could affect you and your wallet

Every day, many people in the U.S. eat fruit grown in Mexico, use phones made in China and live in homes built from lumber from Canada.

Now, trade with those three countries could be interrupted. President Trump has imposed a 10% tariff on China — leading the country to retaliate with tariffs of its own. And although Trump has agreed to put on hold planned tariffs on Mexico and Canada for 30 days, he could still impose them after that.

A tariff is a tax on goods imported from abroad. Despite Trump’s claims that his tariffs will be paid by other countries, Americans will be stuck with the higher prices.

An analysis by the nonpartisan Tax Foundation found that if the tariffs Trump threatened in recent days are imposed, it would amount to an average tax increase of more than $800 per U.S. household in 2025.

Here’s a deeper look at how the tariffs are likely to affect what Americans pay.

Tariffs on China will sting consumers on a range of items

The U.S. imports a lot from China — and Trump’s 10% tariff could hit more than $450 billion worth of imports.

The tariffs Trump imposed during his first term were more targeted. This time around, more Americans will feel the impact. Among the imports affected are a whole slew of consumer goods, including footwear, toys, video game consoles and electronics.

U.S. businesses import a large…