2025 Trump Tariffs caused Retail Prices in America to Skyrocket

Economic data and several studies now show that the 2025 Trump tariff plans caused the average retail price of imported goods to spike by **6.8 percentage points** while domestic goods rose by **4.8 percentage points** due to higher input costs. Multiple independent research bodies, including the [Federal Reserve Bank of New York](https://libertystreeteconomics.newyorkfed.org/2026/02/who-is-paying-for-the-2025-u-s-tariffs/) and Harvard economists, concluded that **U.S. consumers and firms bore roughly 90% of the financial burden** of these tariffs, completely challenging claims that foreign countries would pay them. **Shoes and Footwear:** Up **39%** **Apparel and Clothing:** Up **14% to 37%** **Coffee and Tea:** Up **10% to 34%** **Building Materials:** Up **10.5%** **Furniture and Home Furnishings** Up **7.4% to 8%** **Automobiles:** New cars faced average added costs of **$6,000** due to auto-part import taxes. **Household Essentials:** Nondurable goods like toilet paper and cleaning supplies rose **5%** [Consumer Sentiment naturally has plunged during this same timeframe to all time lows](https://ycharts.com/indicators/us_consumer_sentiment_index)