<h1>Sweeping Presidential Tariffs Threaten Consumer Wallets with Potential $980 Annual Household Cost Increase</h1> Recent tariffs imposed by the presidential administration could significantly impact consumer prices across various goods. Economists warn these taxes will disproportionately affect low-income households, potentially increasing prices for essential items like food, clothing, and electronics. Consumers may experience price hikes in groceries, household goods, and imported products, with estimated annual household losses around $980. Experts recommend budget evaluation, exploring alternative purchasing strategies, and comparing unit prices to mitigate potential economic strain.