IsItCap Score
Truth Potential MeterNot Credible
Not Credible
Brookings
Tariffs in 2025: Short-run impacts on the US economy
Brookings reports the 2025 tariff increase had only a small aggregate effect on the U.S. economy so far.
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Reuters
Trump's tariffs had little impact on GDP in 2025, but raised revenue, academic paper finds
Reuters summarizes a Brookings study finding the tariffs had a negligible effect on overall U.S. economic performance in 2025.
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The Budget Lab
State of U.S. Tariffs: November 17, 2025
Yale Budget Lab estimates tariffs slow growth but does not identify them as a direct cause of a 2026 recession.
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The Budget Lab
State of U.S. Tariffs: September 26, 2025
Yale Budget Lab projects 2025 tariffs would lower real GDP growth in 2025 and 2026 and raise prices.
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Tax Foundation
Tracking the Impact of the Trump Tariffs & Trade War
Tax Foundation estimates the tariffs would reduce long-run U.S. GDP and employment.
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PIIE
The US Revenue Implications of President Trump's 2025 Tariffs
PIIE finds the tariffs would lower GDP, investment, employment, and real wages over the following decade.
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