President Donald Trump’s next wave of tariffs will soon go into effect Thursday, likely driving up costs on a slew of household goods.
These tariffs are slated to affect imports from more than 60 countries, including Brazil, India and Japan, and their effects are poised to be borne heavily by U.S. consumers.
According to one estimate from the Yale Budget Lab, all 2025 tariffs together are set to cost the average U.S. household an additional $2,400 per year.
The White House has previously argued that tariffs are needed to incentivize more investment in U.S. goods and address trade imbalances. A White House spokesperson did not immediately respond to a request for comment Sunday.
Trump’s Thursday deadline follows the White House’s decision to pause on higher tariffs for a number of countries earlier this year, raising questions about whether the administration would push the date yet again.
