TPC Tariff Tracker

Robert McClelland, John Wong

January 9, 2026

President Trump has expanded tariffs on a wide range of countries and goods. TPC continues to track these announcements and will update this page with details and estimates of how tariffs will affect federal revenues, households, and the economy.

Jump to:
1. US tariff policy snapshot
2. Household impact
3. Business impact
4. Tariff revenue
5. Explanation of tariff policies
6. Methodology

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Hi, it’s Diana Stinson again. Thank you for reading my blog. Unfortunately, we have more tariffs in the news again. Let’s see what new taxes are being levied on Americans. Let’s be clear. No country is paying the tariffs except for America and not the government, the importer of record must pay the tariffs. In fact, no one else can pay for them other than a customs broker on their behalf. Using a customs broker is standard as messing this up will cost you an unknown amount.

Several of my customers have had to hire attorneys and fight tariffs. This has been hard on everyone in the shipping industry and many have folded. The infrastructure is getting smaller and weaker every day. If the tariffs were lifted and everyone started to ship, the shipments would be delayed for months because the companies are gone.

This turmoil is only going to produce 2.6 trillion in 10 years? That’s roughly what we collect in income tax in one year. I don’t see the damage this is causing being worth 1 year of income taxes. I see companies with employees that have families being closed and fired. I see the costs going through the roof on every single product imported except I don’t see Apple or Nvidia paying any tariffs. They have been exempted among others such as oil companies, pharmaceuticals and manufacturers. So the trillion dollar corporations do not have to pay, you do. Starting this month, $116.67 on average.

Tariffs by Country