Price tag: How much Americans could pay between tariffs and tax cuts expiring

With new wide-ranging and aggressive tariffs from the Trump administration and the possibility of the 2017 Tax Cuts and Jobs Act (TCJA) expiring at the end of the year, average Americans could face a hefty price tag. 

"If the tax cuts expire, the median family would lose about $1,000," nonresident senior fellow at the Peterson Institute for International Economics (PIIE) Kimberly Clausing told Fox News Digital, citing a model from the Urban-Brookings Tax Policy Center. 

And if the recently unveiled tariffs continue, "that would generate an average per household consumer loss of $3,800," she added, pointing to the Yale Budget Lab's estimate. 

This, she said, would be "far more damaging to Americans' pocketbooks than the tax cut expiration."