Trump tariffs could add $40 billion to holiday shoppers' and sellers' costs, LendingTree warns

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吃瓜群众

Key Points
  • LendingTree estimates the tariffs will increase holiday costs by a total of $40.6 billion.
  • The average American holiday shopper will pay $132 more because of the tariffs implemented by President Trump, the online lending marketplace estimates.
  • “It can have a real impact on many families. It could prompt people to cut back on gift-giving this year or lead to them taking on extra debt,” said LendingTree’s chief consumer financial analyst.
 
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