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At Home & On The Highway: Broad Tariffs Threaten To Make Daily Life More Expensive

Inflation rose for the fourth month in a row according to the latest Consumer Price Index (CPI) report1, and Americans are seeking relief from the financial squeeze of rising prices. With the threat of broad tariffs looming, Americans are rightfully concerned. Whether filling up your gas tank, buying a new car or feeding your family, tariffs could make everyday goods more expensive for working-class families.

At the Pump and On the Road:

The tariffs on Mexico, Canada and China would add about six percent, or $2,700, to the average U.S. vehicle price.2

Tariffs on Canadian crude oil could increase gas prices nationally by an average of 15 cents per gallon.3 4


At Home:

Most U.S. households would see their taxes increase by more than $1,200 a year and will spend an additional $362 to $624 annually.5 6

Groceries, including fresh fruit and vegetables, could increase significantly in price.9

Trade policy could also impact the price of heating costs, with some households seeing a price bump for home heating oil of 20 to 30 cents per gallon this winter.7

An $80 pair of jeans could cost $10 to $16 more. A $100 coat could cost $12 to $21 more.10

Sneakers could jump in price between $18 and $20.11

Major kitchen appliances, such as refrigerators and ovens, are expected to increase in cost by five to 10 percent.8

Drugstore beauty brands may increase their prices by three percent.12

1 U.S. Bureau of Labor Statistics, Consumer Price Index Summary (February 12, 2025)

2 NPR, Here’s how Trump’s tariffs could impact you and your wallet (February 5, 2025)

3 The Hill, Trump oil tariffs expected to raise price at the pump (February 4, 2025)

4 CNN, Tariffs will lift US gas prices within days (February 3, 2025)

5 Peterson Institute for International Economics, Trump’s tariffs on Canada, Mexico, and China would cost the typical US household over $1,200 a year (February 3, 2025)

6 National Retail Federation, Estimated Impacts of Proposed Tariffs on Imports: Apparel, Toys, Furniture, Household Appliances, Footwear and Travel Goods (February 4, 2025)

7 The Hill, Trump oil tariffs expected to raise price at the pump (February 4, 2025)

8 ABC News, Trump’s tariffs on steel and aluminum could raise these prices (February 11, 2025)

9 The Washington Post, Here’s What Could Get More Expensive With Trump’s New Tariffs (February 1, 2025) 99

10 The Cut, 2024 ELECTION NOV. 8, 2024 Is Shopping for Clothes About to Get More Expensive Under Trump? (November 8, 2024)

11 NBC News, From lip balm to sneakers, here’s how Trump’s China tariffs could raise prices (February 4, 2025)

12 BC News, From lip balm to sneakers, here’s how Trump’s China tariffs could raise prices (February 4, 2025)

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