Tariffs Will Cost Each Household Nearly $5,000 a Year: Report

President Trump's tariffs, and the foreign retaliation these have resulted in, could cost U.S. households nearly $5,000, according to a recent report.

In its latest trade policy update, released Tuesday, the Budget Lab at Yale estimated that the tariffs currently in place will result in three-percent price increases in the short-term, equivalent to a per-household cost of $4,900.