Tariffs might make your holiday shopping more costly this year, potentially driving up the prices of imported items such as clothing and electronics.

A recent analysis by LendingTree suggests that if the current tariffs had been applied last year, American consumers would have seen an additional $28.6 billion added to their holiday shopping expenses—equating to roughly $132 more per shopper.

“For many Americans, an extra $132 during the holiday season is a big deal,” noted Matt Schultz, LendingTree’s chief consumer finance analyst, in the report. “This could lead people to either cut back on the number of gifts they buy or possibly incur more debt.”