It’s tough to find any sign that things have gotten better.

President Trump announced his “liberation day” tariff plans on April 2, one month ago today. Obviously, one month isn’t enough time to fully judge a policy, and he later paused significant parts of the tariff plan until early July. But on the margin, have things gotten better or worse since “liberation day”?

Advancing American Freedom, the conservative advocacy group founded by Mike Pence, looked at a variety of measurements, and it’s tough to see any signs of improvement:

AAF notes that businesses have announced investments in the U.S., but most of these were already planned. Businesses realized they could buy some favor with the administration by making big announcements about their already existing investment plans and responded accordingly.

Meanwhile, UPS and automaker Stellantis have already announced layoffs. These are two of the major employers with blue-collar, male-dominated labor forces that are supposed to be helped by tariffs. Other automakers are warning of further layoffs.

As for geopolitics, American allies in Europe and Asia have been talking about coordinating their response to U.S. tariffs. And China has been continuing its trend since the first Trump administration of replacing its U.S. agricultural imports with ones from Brazil and other countries.

Americans haven’t even begun to feel the full burden of tariffs yet because of the pace of trade and the administration’s delay of its policy. None of these measures are death knells, but they aren’t signs of improvement, let alone “liberation.”