Tariffs stemming from President Donald Trump's trade conflicts could cost Americans $915 each, or $2,400 per household, in the form of higher prices, lower wages and lower investment returns in 2019, according to a new study.
If the tariffs stay in place, the study says, the losses would add up to $17,300 per household by 2030.
The study, commissioned by the lobbying shop for Koch Industries and conducted by consulting firm ImpactECON, looked at the potential cumulative impact of tariffs. The conservative Koch political network has argued against the Trump administration's protectionist trade policies.
The new study comes as Trump prepares to meet with Chinese President Xi Jinping at this week's G-20 meeting, amid the U.S.-China trade standoff. The Koch-commissioned study assumes that the administration's steel and aluminum tariffs and quotas remain, as well as retaliatory tariffs U.S. trade partners have put in place.
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