Study estimates 2025 tariffs raised Wisconsin household costs by $1,100

A Midwest economic analysis estimated that tariffs imposed in 2025 raised costs for the average Wisconsin household by $1,100 over the year, reduced annual economic output by about $2 billion and cost nearly 4,000 manufacturing jobs.

The analysis said tariff-related price increases took a larger share of earnings from lower-income households, while manufacturers faced higher costs for imported metals, machinery, electronic components and other materials. Retaliatory trade barriers also affected farmers and food processors that depend on overseas demand.

Small-business importers paid an average of $272,000 more, according to the study, leading some to raise prices, delay hiring or scale back expansion plans.

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