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According to The Budget Lab (TBL) at Yale, a non-partisan policy research center dedicated to providing in-depth analysis of federal policy proposals for the American economy, consumers face an overall average effective tariff rate of 18.3 percent, the highest since 1934.
Simplified Text
Consumers face average effective tariff rate of 18.3 percent highest since 1934 according to The Budget Lab
Confidence Score
0.950
Claim Maker
The Budget Lab (TBL) at Yale
Context Type
News Article
Context Details
{
    "source": "The Budget Lab (TBL) at Yale",
    "highest_since": "1934",
    "average_tariff_rate": "18.3 percent"
}
Subject Tags
Tariffs Economics
UUID
a116273b-554d-4513-9b28-59a23a25b1a0
Vector Index
✗ No vector
Created
February 15, 2026 at 2:19 PM (6 months ago)
Last Updated
February 15, 2026 at 2:19 PM (6 months ago)

Original Sources for this Claim (2)

All source submissions that originally contained this claim.

Screenshot of https://www.floorcoveringweekly.com/main/features/tariffs-take-effect-45324?utm_medium=email&utm_source=FCW-NL-Daily
Tariffs Take Effect
Completed News
8 claims
1 week ago
https://www.floorcoveringweekly.com/main/features/tariffs-take-effect-45324?utm_medium=email&utm_source=FCW-NL-Daily

President Trump's new tariffs on goods from over 90 countries take effect today, with rates ranging from 10% to 50%. The Budget Lab at Yale estimates consumers face the highest average tariff rate since the Great Depression, leading to increased prices.

Tariffs Trade Donald Trump Economy Brazil India China
Screenshot of https://www.pbs.org/newshour/show/as-trumps-tariffs-kick-in-economist-breaks-down-inflation-and-recession-warning-signs
As Trump's Tariffs Kick In, Economist Breaks Down Inflation and Recession Warning Signs
Completed Analysis
19 claims 🔥
1 week ago
https://www.pbs.org/newshour/show/as-trumps-tariffs-kick-in-economist-breaks-down-inflation-and-recession-warning-signs

Economist Diane Swonk discusses the impact of Trump's tariffs on inflation and the potential for a recession. She highlights concerns about rising prices, stagnating labor markets, and the Federal Reserve's difficult decisions. The interview also touches on the nomination of Stephen Miran to the Fed board.

Tariffs Inflation Recession Economy Federal Reserve Trump Administration Diane Swonk KPMG

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