A year ago today, President Donald Trump announced his “Liberation Day” tariffs, taxes on Americans that constantly changed, seemingly at the presidential whim. Since then, they have raised prices for everyone, increased costs for domestic manufacturers, and unleashed a wave of uncertainty across an economy that had been recovering from the Biden years.

During the first few months of Trump’s second term, the economy added about 80,000 jobs a month. This was not a record-setting pace, but still positive, especially considering that, thanks to Trump’s mass deportation policies, the number of workers in the country was shrinking.