Tariffs could cost the average American household $3,800 per year. Here’s how to save for it

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By Marcos Cabello, Bankrate.com Tariffs could cost the average American household $3,800 in 2025, according to The Budget Lab at Yale University. This estimate comes even as President Trump announced a 90-day pause on tariffs earlier this month, temporarily reducing most tariffs to 10% in the meantime, while maintaining higher rates for countries including China. Tariffs — taxes imposed on imported goods — typically cause prices to rise as companies pass these additional costs to consumers. While this inflationary pressure may keep savings account yields elevated longer, it also means your everyday purchases could become significantly more expensive. Here’s what...