evidence: That prompted the Center for American Progress Action Fund estimate of $3,900, which is based on 20%. Based on Trump’s initial 10% tariff suggestion, the group had previously put the cost to "a typical family" at $2,500 per year. Other nonpartisan groups have come in with lower estimates. Based on a 10% worldwide tariff and a 60% tax on imported Chinese goods, the Tax Policy Center estimated a more modest $1,350 cost to middle-income households. Using those same parameters, an analysis from the Peterson Institute for International Economics concluded Trump’s proposed tariffs would cost a typical middle-income household about $1,700 in increased expenses each year. The Tax Foundation estimates such tariffs would decrease the incomes of those in the middle by 1.5%. [...] Duke, Brendan. "Former President Trump Proposes an Up to $3,900 Tax Increase for a Typical Family." Center for American Progress Action. 15 Aug 2024.