(AURN News) — Americans continue to feel the pain from President Donald Trump’s tariff wars. And in the midst of layoffs and economic uncertainty, there is still more pain coming — and it’s going to be felt during this year’s holiday shopping season.
An analysis from LendingTree found that if current tariffs had been in effect last year, consumers would have paid an additional $40.6 billion — including $28.6 billion directly from consumers and $12 billion from retailers.
The analysis found that would translate to an extra $132 in overall spending, averaging $186 more for electronics and $82 for clothing and accessories.
The report arrives as the holiday shopping season begins under clouds of job uncertainty, with companies continuing to downsize and shift toward AI-driven automation.
Click play to listen to the AURN News report from Jamie Jackson:
