Study Finds Trump Tariffs Raised Costs on Midwest Families by $2,000 in 2025

Countryside, Illinois--(Newsfile Corp. - July 24, 2026) - Tariffs imposed by the Trump Administration in 2025 raised costs for the average Midwest household by more than $2,000, shrunk the economy by $18 billion, reduced the region's manufacturing employment by more than 41,000, and disproportionately impacted low-income households, according to a new study by the nonpartisan Midwest Economic Policy Institute (MEPI) and the Project for Middle Class Renewal (PMCR) at the University of Illinois...

2026-07-24 4:38 PM EDT