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Thursday, Aug. 28, 2025

Have the Liberation Day tariffs raised prices in the Western US?

Kiara Adams, The Nevada Independent
yes

Prices of consumer goods across the U.S. have risen as a result of the Liberation Day tariffs announced in April 2025.

The Consumer Price Index (CPI) measures how the price of a representative “basket” of goods — food, housing, transportation, medical care, apparel, entertainment, etc. — changes over time. In July 2025, CPI was 2.7% higher than a year prior.

For the Western region of the U.S., which includes Nevada, the CPI rose by 3% between July 2024 and July 2025.

The Yale Budget Lab estimates the Liberation Day tariffs are responsible for a 1.8% increase in price levels, costing households $2,400 on average.

A baseline 10% tariff, or tax on imported goods, took effect in early April 2025, with further tariffs enacted in early August 2025.

The Liberation Day tariffs are the highest tariffs enacted in the U.S. since the 1930 Smoot-Hawley Tariff Act.

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The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

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