Trump tariffs will hurt lower income Americans more than the rich, study says

Key Points

Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers.
However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy.

Source

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Finance

Trump tariffs will hurt lower income Americans more than the rich, study says

April 25, 2025

Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source

Finance

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