Consumers might need to brace for a more expensive holiday shopping season this year, as tariffs are anticipated to drive up the costs of imported goods, including everything from clothing to electronics.

According to a recent analysis by LendingTree, if the current tariff measures had been applied last year, American shoppers could have encountered an additional $28.6 billion in holiday expenses. This would translate to about $132 more per shopper.

“For a lot of Americans, an extra $132 during the holidays is a significant amount,” said Matt Schultz, LendingTree’s chief consumer finance analyst, in the report. “This increase could lead many to scale back on their gift purchases or even resort to accumulating more debt.”