A Year After ‘Liberation Day,’ Experts Review the Costs of Trump’s Tariffs - Council on Foreign Relations

The Council on Foreign Relations has published an analysis examining the economic impact of Trump's tariffs one year after the administration implemented what it termed "Liberation Day." The review assesses the costs imposed by the tariff policies across the U.S. economy and trading relationships. Experts are evaluating whether the tariff strategy has achieved its stated goals or generated unintended economic consequences for American consumers, businesses, and trading partners. The timing marks a checkpoint for evaluating a signature Trump administration trade policy initiative.