Donald Trump own goal as tariffs 'could cost US households up to $4,200 a year'

Express. Home of the Daily and Sunday Express. Puzzles Horoscopes Express Rated Shop Paper Newsletters Login Register Your Account Newsletters Bookmarks Sign OutUkUs 14°C Find us on FacebookFollow us on WhatsApp Follow us on TwitterFind us on Instagram Find us on Youtube HOME News Politics Royal Sport Finance Travel Comment UK World Politics Royal US Weather Science History Weird Nature InYourArea HomeNewsWorld Tariffs typically pass the cost on to the consumer as businesses must find a way to offset the extra fees. ByRebecca Robinson 19:19, Wed, Apr 2, 2025 | UPDATED: 20:21, Wed, Apr 2, 2025 US tariffs: UK 'preparing for all eventualities' says StarmerDonald Trump has been warned that his "Liberation Day" tariffs could end up costing the average US household $4,200 (£3,235) a year. A broad 20% tariff would send consumer prices soaring by 2.1% to 2.6%, Yale Unversity's Budget Lab said. It explained: "This is equivalent to a loss of purchasing power of $3,400-4,200 per household on aver...