Analysts estimate tariff costs to households one year after Liberation Day

Independent economists and consumer advocacy groups published analyses around April 2, 2026—the first anniversary of President Trump's Liberation Day tariff executive order—estimating the cumulative household cost impact of U.S. import tariffs. Cost estimates varied significantly across organizations; the Peterson Institute and Yale Budget Lab published analyses finding average household goods costs had risen as a result of tariffs, while the administration disputed the methodology of independent analyses and cited falling energy prices as an offsetting benefit.