Trump’s Tariffs Could Push Nearly 1 Million Americans Into Poverty, Report Finds
Tariffs raise average household costs by $2,300 and lower-income households lose at least $1,300, pushing nearly 875,000 Americans, including 375,000 children, into poverty.
- According to an analysis, 650,000 to 875,000 Americans will fall into poverty due to Trump's new import tariffs.
- As of September 4, all imports to the U.S. are subject to at least a 10% tariff, with many trading partners facing significantly higher rates.
- Researchers estimate that in 2025, tariffs will cause a 1.7% price increase, with an average household losing $2,300 in income and lower-income households losing at least $1,300.
23 Articles
23 Articles
Trump's Tariffs Could Push 900,000 Americans Into Poverty, Yale Study Warns
US President Donald Trump's tariff policies could plunge nearly a million Americans into poverty if they remain in place, according to a bombshell study by Yale's Budget Lab released this week. The researchers found that the current level of import taxes, which disproportionately affect lower-income households, will sharply erode purchasing power and widen economic disparities. The study estimates that Trump's tariffs — if upheld by the US Supre…
Trump’s tariffs could force nearly 1 million Americans into poverty: study
President Trump’s tariffs could push nearly 1 million Americans into poverty, since import taxes weigh more heavily on lower-income households, according to a study published this week.
Economists calculated the cost of Trump’s tariffs for Americans. The numbers are staggering
Tariffs aren’t just bad for business and consumers: They will also increase the number of Americans living in poverty, according to new research. An analysis out this week from the Budget Lab at Yale University found the Trump administration’s new 2025 tariff hikes will increase the number of Americans living in poverty by somewhere between 650,000 and 875,000 in 2026—that’s 0.2% to 0.3% of the U.S. population—including some 150,000 to 375,000 c…
By Matthew Egan, CNN President Donald Trump's sweeping tariff regime is already reshaping global trade and boosting government revenue. But these historic taxes on imports could also push more Americans into poverty, according to new research. An analysis released Tuesday by The Yale Budget Lab concludes that Trump's tariff increases will likely increase the number of Americans living in poverty by 875,000 by 2026. This increase includes 375,000…
Trump’s tariffs could push nearly 1 million Americans into poverty, report finds
President Donald Trump’s sweeping tariff regime is already reshaping global trade and spiking government customs revenue. But these historic import taxes could also push more Americans into poverty, according to new research.
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