Trump’s Tariffs To Add $40.6B To Holiday Costs As Consumers Pay $132 More On Average, LendingTree Warns

Benzinga

LendingTree estimates Trump’s tariffs will raise holiday costs by $40.6 billion, adding $132 per shopper. Consumers will bear most of the increase, led by higher prices for electronics and clothing. Analysts warn families may cut spending or take on debt as retailers absorb $12 billion of the impact.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02LendingTree estimated that Trump's tariffs will raise holiday costs by $40.6 billion,

00:07adding $132 per shopper, according to CNBC. Consumers will show there are about $28.6

00:13billion in the total, while retailers observe $12 billion. LendingTree's Matt Schultz said

00:18the added burden could force families to cut back or take on debt. Electronic buyers face

00:23the steepest increases, with an average extra cost of $186 per shopper, followed by $82 for

00:29clothing, $14 for beauty and toys, and $12 for food and candy. Retail analysts expect shoppers

00:35to buy fewer items this season due to higher prices from tariffs.

00:39For all things money, visit Benzinga.com.

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