This kind of stuff is pure propaganda: it takes an assumption-filled "estimate" for the total added corporate tax costs, divides them by the number of American households, and basically says "these tariffs will cost you an extra $831 this year." What if I don't buy any expensive Chinese or Chinese-derived electronics this year? Then the tariffs will cost me $0, or darn close to.

When economics is treated purely as a praxeological analysis of actual human behavior, I find the topic to be fascinating. But as a "field", I wish it had never been "invented" or formalized: it's nothing but a bunch of dweeby pencil-necked control freaks with inferiority complexes using pseudo-science and quasi-math as excuses to meddle in people's lives.

The real world is just too complex and dynamic of a system to know what the hell will happen next, because people's value preferences, behaviors, and world events are constantly changing. The best one can do-- for pure shits and giggles at that-- is understand the praxeological explanations for why people do what they do, and call it a day.