Americans are seeing their prices rise at the checkout this year—a form of "stealth tax" that is eroding their wallets and reshaping how they shop.
According to a recent survey by e-commerce marketing platform Omnisend, Americans are now spending $12.2 billion more per month since the introduction of President Donald Trump 's tariffs this year, averaging $47 more per person. Notably, 14.7 percent of respondents reported that their monthly expenses had risen by $100 or more.
Why It Matters
Economists have forecast that the higher import taxes arising from Trump's attempt to rebalance global trade will increase costs for U.S. businesses reliant on foreign goods or components, and that these costs will eventually be passed along to the American consumer.
These effects have yet to sign