Tariff Impact Analysis
Understanding the Data Behind Trump's "Liberation Day" Tariffs
Interactive Data Visualizations
Chart Analysis:
This chart shows the projected price increases across product categories if the proposed tariffs are implemented. Note the extreme impact on alcohol (200%) due to threatened retaliatory tariffs against EU products.
Key Economic Findings
- Average price increase across categories: 47%
- Annual cost per average household: $3,000
- Net job impact: -70,000 positions nationwide
- Import volume reduction: 33% by 2027
- Lower-income households spend 9.5% more of income
- State tax revenue losses: up to $4.7 billion
- Irish whiskey exports at risk: €450 million
Expert Analysis
"Tariffs are going to be inflationary, there's no disputing that. We're not immune, and tariffs will be inflationary for customers."
Methodology & Sources
Data Sources
This analysis combines data from government sources including the Bureau of Economic Analysis, Bureau of Labor Statistics, public statements from the White House and corporate executives, and economic models from research institutions. Projections are based on announced tariff rates and historical data from previous tariff implementations.
International Context
Our international analysis incorporates statements from foreign governments, historical patterns of tariff retaliation, and industry-specific impact assessments from affected sectors like Irish whiskey producers and global automotive manufacturers.
April 2nd "Liberation Day"
President Trump has designated April 2, 2025 as "Liberation Day" when his administration plans to unveil a comprehensive reciprocal tariff regime targeting all trading partners that the administration believes have unfair trade practices with the United States.
What to Expect:
- Comprehensive tariff schedule affecting most trading partners
- Potential for tariffs up to 60% on many goods
- Immediate implementation with limited exemptions
- Trump has promised "flexibility" but few specific details