According to 'Goldman Sachs', Trump’s tariffs have resulted in the most brutally regressive tax possible on Americans. U.S. businesses pay the import tax on foreign goods they purchase and have passed 55 percent of that cost onto consumers in 2025. According to the 'Tax Foundation', the tariff tax has amounted to an average tax on U.S. households of $1,300 in 2025 and a projected increase to $1,600 in 2026.