Tariff Tracker: 2026 Trump Tariffs and Trade War by the Numbers
Summary
Comprehensive tracking of Trump’s tariff regime. The tariffs represent the largest US tax increase as % of GDP since 1993, averaging $1,500 per household. Supreme Court ruled IEEPA tariffs unlawful in early 2026; administration pivoted to Section 122 with 10% across-the-board surcharge expiring July 24, 2026.
Key Data Points
- Largest US tax increase as % of GDP since 1993
- Average $1,500 tax increase per household in 2026
- Supreme Court ruled IEEPA tariffs unlawful in early 2026
- Replaced with Section 122 10% import surcharge (expires July 24, 2026)
- April 2, 2025 “Liberation Day”: universal 10% tariff, up to 50% for some partners
- Up to 100% tariffs on some imported pharmaceuticals
- Industrial production index at highest level since 2020
- US surpassed Japan in crude steel production for first time in 25+ years
Bias Assessment
Tax Foundation is a nonpartisan think tank focused on tax policy. High credibility for fiscal analysis and data.