Trending Now - One Year Later: Assessing the Impact of Trump's Tariffs

WHO:

NPR - President Trump ordered double-digit tariffs on virtually everything the U.S. imports.

Alternet - Former Sen. Phil Gramm (R-Texas) and Donald J. Boudreaux, a professor of economics at George Mason University, criticized Trump's tariffs.

Alternet - Allison McManus and Dawn Le from the Center for American Progress commented on the impact of Trump's tariffs.

WHAT:

NPR - The average tariff on imports is now estimated to be about 10%, which is approximately four times higher than the average import tax at the beginning of 2025.

NPR - Imports of goods in 2025 totaled $3.4 trillion, which is a 4% increase from 2024, while exports totaled $2.2 trillion, a 6% increase.

Alternet - Over the past year, the United States has lost more than 100,000 manufacturing jobs, contrary to Trump's promise of revitalization.

Fox News - President Trump's tariffs have caused American families to incur costs exceeding $1,700 and resulted in $34 billion in losses for farmers.

NPR - U.S. factories employed 89,000 fewer people in February 2026 compared to April 2025, indicating a continued slump in manufacturing.

NPR - Inflation in February 2026 was 2.4%, slightly higher than in April 2025.

NPR - The total goods trade deficit rose about 2% to $1.24 trillion in 2025.

NPR - The average tariff on imports is about 10% as of February 2026, down from a peak of over 21%.

NPR - The government collected $151 billion from tariffs in the first five months of the fiscal year, nearly four times as much as the previous year.

NPR - About half of the total tariff revenue, approximately $166 billion, will have to be refunded due to a Supreme Court ruling.

NPR - Foreign direct investment in the U.S. was $288 billion in 2025, slightly less than the previous year.

NPR - The average tariff rate soared on Liberation Day and the days that followed, at one point topping 21%.

Fox News - President Trump's tariffs have cost American families over $1,700 and caused $34 billion in farm losses, with no relief in sight.

NPR - Customs officials are working on a plan to refund about $166 billion in tariffs that were wrongly collected, with details expected to be worked out by mid-April 2026.

NPR - U.S. factories employed 89,000 fewer people in February 2026 compared to April 2025, indicating a continued slump in manufacturing.

Alternet - In 2025, the pace of losing manufacturing jobs accelerated to 1.2%, faster than the decline in 2024 of 0.7%.

NPR - Trump promised that jobs and factories would come "roaring back" and that April 2nd would be remembered as "the day we began to make America wealthy again."

NPR - The government collected $151 billion from tariffs in the first five months of the fiscal year, nearly four times as much as the previous year.

NPR - About half of the total tariff revenue, approximately $166 billion, will have to be refunded due to a Supreme Court ruling.

NPR - U.S. factories employed 89,000 fewer people in February 2026 compared to April 2025.

NPR - Foreign direct investment in the U.S. was $288 billion in 2025, slightly less than the previous year.

NPR - Inflation in February 2026 was 2.4%, slightly higher than in April 2025.

NPR - The total goods trade deficit rose about 2% to $1.24 trillion in 2025.

NPR - The average tariff on imports is about 10% as of February 2026, down from a peak of over 21%.

WHERE:

NPR - The tariffs were imposed on virtually everything imported into the United States.

WHEN:

NPR - The tariffs were ordered on April 2nd, 2025, referred to as "Liberation Day."

NPR - The Supreme Court ruled against some of Trump's tariffs six weeks prior to April 2nd, 2026.

NPR - The fiscal year referenced began in October 2025.

WHY:

Alternet - Analysts argue that Trump's tariffs have failed to live up to his promises, with evidence showing they did not shrink the trade deficit, did not revitalize manufacturing, and did not help farmers.

NPR - Trump claimed that tariffs would boost U.S. manufacturing and reduce consumer prices.

HOW:

Alternet - The Trump administration is preparing to reshape its steel and aluminum tariff regime by applying a 25% tariff to all finished imported aluminum products, which would replace the current 50% duty that only applies to the value of steel or aluminum used in a product.

Alternet - The Trump administration planned to reshape its steel and aluminum tariff regime by applying a 25% tariff to all finished imported aluminum products.

(UPDATED April 2, 2026 23:06 UTC)

The average tariff on imports has now reached about 10%, which is roughly four times higher than the average import tax at the start of 2025. In 2025, imports of goods totaled $3.4 trillion, marking a 4% increase from the previous year, while exports rose by 6% to $2.2 trillion. Meanwhile, President Trump's tariffs have led to American families facing costs exceeding $1,700 and have resulted in $34 billion in losses for farmers, as the administration prepares to implement a new 25% tariff on all finished imported aluminum products.

(UPDATED April 2, 2026 19:18 UTC)

U.S. factories saw a significant decline, employing 89,000 fewer people in February 20th26 compared to April 20th25, signaling a continued slump in manufacturing. Inflation also ticked up to 2.4% in February 20th26, slightly higher than the previous year, while the total goods trade deficit rose about 2% to $1.24 trillion in 2025. In tariff news, the government collected $151 billion in the first five months of the fiscal year, but nearly half of that revenue, approximately $166 billion, will need to be refunded due to a Supreme Court ruling.

(UPDATED April 2, 2026 17:16 UTC)

President Trump's tariffs have cost American families over $1,700 and led to $34 billion in farm losses, with no relief in sight. Meanwhile, customs officials are developing a plan to refund about $166 billion in tariffs that were wrongly collected, with more details expected by mid-April. Additionally, U.S. factories saw a decline of 89,000 jobs in February compared to April 20th25, highlighting a continued slump in manufacturing as the pace of job losses accelerated to 1.2% in 2025.

(UPDATED April 2, 2026 15:17 UTC)

President Trump has ordered double-digit tariffs on nearly all imports into the United States, promising that this move will bring jobs and factories back, marking on Thursday as "the day we began to make America wealthy again." Critics, including former Senator Phil Gramm and economist Donald J. Boudreaux, have raised concerns about the impact of these tariffs, especially as the government collected $151 billion from tariffs in the first five months of the fiscal year, but will have to refund approximately $166 billion due to a recent Supreme Court ruling. Meanwhile, U.S. factories saw a decrease of 89,000 jobs from February 20th26 compared to a year earlier, as inflation ticked up to 2.4% and the total goods trade deficit rose to $1.24 trillion in 2025.