An analysis by the nonpartisan Peterson Institute for International Economics estimates Trump’s proposed tariffs would cost a typical U.S. household more than $2,600 a year. “High tariffs also imply a massive shifting of the tax burden from richer taxpayers toward lower-income Americans,” the report said.

It’s all but certain that tariffs will soar with Donald Trump’s return to office. Many companies are struggling with the calculus that uniform tariffs of up to 20 percent may bring.