
One Year After "Liberation Day," Did Trump's Tariffs Deliver?
From The Deduction by Tax Foundation
April 2, 2026 · 39 min
About this episode
The episode analyzes the impact of Trump's tariffs announced on Liberation Day one year later.
On April 2, 2025, President Trump announced sweeping "reciprocal" tariffs on Liberation Day, promising an investment boom, massive revenue, debt reduction, and lower prices. One year later, Kyle Hulehan and Erica York dig into the data to see how those promises held up. 0:00 - Liberation Day speech recap 2:00 - Were the tariffs actually "reciprocal"? 5:30 - The real math behind the tariff formula 10:00 - Market reactions and policy chaos 14:00 - The promised investment boom that never arrive...
People in this episode
Guests: Kyle Hulehan, Erica York
Topics covered
- tariffs
- economic policy
- market reactions
- investment
- government
- trade
Keywords
- tariffs
- Trump
- Liberation Day
- economic impact
- investment boom
- market reactions
- policy chaos
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