Toll of Tariffs Act of 2025

This bill tells a federal trade agency to study how new tariffs have affected prices that people pay. The study must look at tariffs put in place by executive orders starting January 20, 2025, up to when the bill becomes law, and report on how those tariffs changed inflation, including the CPI for city shoppers and similar measures for non‑urban areas. The agency must give Congress the results within 60 days after the bill becomes law.

What this means for you: it doesn’t change any tariffs right now. It aims to give clearer facts about whether recent tariffs are raising everyday prices, which could guide future decisions.

• Who is affected: shoppers and families, especially through changes in prices; businesses that import goods; policymakers who use the findings.
• What changes: a required study on the inflation impact of recent tariff actions, including effects on CPI in urban and comparable non‑urban areas.
• When: covers tariffs set on or after January 20, 2025, with a report due within 60 days of the bill becoming law.