BREAKING: Trump Tariffs to Cost Americans $2,100 More Per Year as Global Trade Order Unravels

As a result of Donald Trump’s sweeping new tariffs, we are now seeing a sharp increase in consumer costs and a dramatic rupture in America’s global economic relationships.

Just minutes ago, we got new data about how this will impact the average American consumer. According to the nonpartisan Tax Foundation, the average American household will pay $2,100 more per year for goods due to the tariffs.

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The average U.S. import tax will rise from 2.5% in 2024 to 19% in 2025—the highest level since the Smoot-Hawley era of the early 1930s. As a result, Americans’ after-tax incomes are expected to decline by 2.1% on average this year.

The tariffs span a wide range of imported goods, and economists say the impact will be immediate and widespread. Consumer prices are set to rise across essential categories like food, electronics, and household supplies.

Global reaction has been swift and severe. In a stark rebuke, Canadian Prime Minister Mark Carney declared:

“The global economy is fundamentally different today than it was yesterday. The system of global trade anchored on the United States... is over. Our old relationship of steadily deepening integration with the United States is over. The 80-year period when the United States embraced the mantle of economic leadership… is over. While this is a tragedy, it is also the new reality.”

In France, President Emmanuel Macron reportedly advised French companies to halt investment in the United States, signaling a broader shift away from economic engagement with Washington.

America’s traditional allies appear to be reorienting their trade and investment strategies, viewing the tariffs as a clear sign that the United States is retreating from its leadership role in the global economic order. As new trade blocs form and foreign capital pulls back, the consequences for U.S. growth, jobs, and global influence could be profound.

The White House has not yet responded to questions about the long-term strategy behind the tariffs or the backlash from foreign governments.