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State of U.S. Tariffs: February 21, 2026

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

Publisher
The Budget Lab at Yale
Published
2026-02-21
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.

    Key Takeaways 1-3; Average aggregate price impact

    Tariffs as a Household Tax — Audit finding · Cited analysis

  2. factreported

    For the temporary policy in force after the ruling, the Budget Lab estimated an ultimate 0.5 to 0.6 percent price-level increase and a $600 to $800 average-household loss if the Section 122 tariff expired as scheduled.

    Key Takeaways 1-3; Average aggregate price impact

    Tariffs as a Household Tax — Outcome · Outcome