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Senate Democrats on the Joint Economic Committee released a report Thursday estimating that tariffs cost the typical U.S. family nearly $1,200 from February through November.

Using data from multiple government agencies and Goldman Sachs, the report found the monthly cost of tariffs for households jumped from $54.65 in February to $184.51 in October.

If tariff levels remain unchanged in 2026, the typical household is projected to pay about $2,100 more for goods due to tariffs, the report said.

Tariffs, a tax on companies importing goods into the United States, are often passed on to consumers when businesses raise prices to offset the added expense. Some companies have said they try to absorb the costs, but many have not.

Comment:

 During a press conference in Brussels in March 2022, President Biden was discussing the global impact of Russia's invasion of Ukraine on wheat and other grain supplies. He stated that the food shortages were "going to be real" in the context of global supply chain disruptions and the US sanctions added mainly on Russia but affecting many countries, particularly those in the Middle East and Africa. Just a thought.