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State of U.S. Tariffs: August 1, 2025

This secondary source from The Budget Lab at Yale supports 2 claims across 2 ledger entries.

Publisher
The Budget Lab at Yale
Published
2025-08-01
Source quality
secondary

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Claims supported by this source

  1. analysisdocumented

    Tariffs were imposed as promised, but available incidence evidence assigns part of the burden to U.S. households and conflicts with the affordability promise. The original IEEPA duties were invalidated, the temporary Section 122 duty expired, and the July 2026 Section 301 regime materially changed the exposure; its current household-dollar scale remains unresolved in the cited evidence.

    Executive summary and consumer-price effects

    Tariffs as a Household Tax — Audit finding · Cited analysis

  2. factreported

    The Budget Lab modeled the tariffs then in effect as raising the short-run price level by 1.8 percent and reducing average household purchasing power by about $2,400 in 2025 dollars.

    Executive summary and consumer-price effects

    Tariffs as a Household Tax — Outcome · Outcome