Core Points - The new tariffs imposed by the Trump administration are aimed at protecting U.S. manufacturing and national security, but they may lead to increased housing costs and delayed home improvement plans for consumers [1][2] - The National Association of Home Builders has warned that the new tariffs will further hinder an already sluggish real estate market, raising construction and renovation costs [1][4] - The potential for broader tariff actions, including a 100% tariff on Chinese goods, is being considered, which could exacerbate the situation [1] Economic Impact - A report from the Tax Foundation indicates that by 2026, U.S. market revenue will decrease by 1.4% due to tariffs, with average household tax expenses rising to approximately $1,300 in 2025 and $1,600 in 2026 [4] - The Boston Fed estimates that the new tariffs could push core inflation in the U.S. up by about 75 basis points, despite some officials downplaying the impact [4] - The ongoing tariff policies are seen as detrimental to the U.S. economy, contributing to social division and rising inflation [4][5] Consumer Effects - Research from Harvard University shows that since the implementation of new tariffs, the average price of imported goods in the U.S. has increased by 4%, while domestic product prices have risen by 2% [2] - Most of the tariff costs are being borne by U.S. businesses, which are gradually passing the pressure onto consumers [2] Strategic Context - The tariff strategy reflects a broader geopolitical struggle and a rebalancing of the global economic order, with China maintaining strategic resilience in response to U.S. pressures [5] - The U.S. public is becoming increasingly aware of the challenges in using tariffs to bring manufacturing back and create jobs, as these measures have instead raised living costs and exacerbated social divides [4][5]