Anonymous2 days ago
One year after President Trump's "Liberation Day" tariffs imposed the highest U.S. trade barriers in nearly a century, the results are mixed at best: manufacturing employment fell by 89,000 jobs, the overall goods trade deficit barely budged, and the Supreme Court struck down the core tariffs as unconstitutional in February 2026 — triggering a $170 billion refund process. While the China trade deficit shrank by 32%, much of that trade simply rerouted through Vietnam and Taiwan, and American consumers absorbed nearly 90% of the tariff costs, with the lowest-income households bearing the heaviest burden as a share of income.