Trump tariffs could add $40 billion to holiday shoppers' and sellers' costs, LendingTree warns
1. Tariffs will increase holiday costs by $40.6 billion for consumers. 2. Average additional spending per shopper will be around $132 this season. 3. Consumers may cut back on gifts or incur more debt due to tariffs. 4. Electronics will face the highest price increases, averaging $186 per shopper. 5. Retailers expect fewer purchases due to the increased costs from tariffs.