A year ago, President Trump ordered double-digit tariffs on virtually everything the U.S. imports…Here’s where things stand on the first anniversary of “Liberation Day”
- The government collected a lot of money but has to give half of it back
- A boom in domestic manufacturing hasn’t happened
- Inflation remains elevated
- The trade deficit hasn’t changed much
- Import taxes are high, but not as high as a year ago
— “Have Trump’s tariffs worked? This is where things stand a year after ‘Liberation Day,’” NPR.com
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