States of Presidential Tariffs 

Photo by Teng Yuhong

Operating expenses for American firms that buy foreign imports subject to tariffs have increased under President Donald J. Trump’s trade policy. It’s all part of his MAGA plan to improve market conditions for U.S. firms in what he has described as unfair competition with global rivals.

What are the recent costs of tariffs for U.S. importers and their domestic paying customers? Well, the total is $175 billion between March and October 2025, according to We Pay the Tariffs...