Report: Tariffs to add $10K to cost of Florida house, $7K to cars

The latest round of tariff talk from the Trump Administration is causing more agitation among Florida fiscal analysts, with worries about price increases from cars to construction and fruit to fish.

Florida TaxWatch, a nonprofit government watchdog and taxpayer research institute, looked at the latest tariffs and concluded that the intent might be good, but the results less so. “While the tariffs aim to protect domestic industries and boost capital investment in the long-term, they pose significant risks to the broader economy in the short-term,” states the report, entitled “The Potential Impacts of New Tariffs on Florida’s Economy.”

“The new tariffs,” the report adds, “will likely exert pressure on Florida’s economy as consumers face higher prices, small businesses encounter increased operational costs, unemployment rises and overall economic growth slows down.”