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.

Yale’s Budget Lab estimated that Trump’s tariffs – if they remain in place after a Supreme Court ruling – will increase the number of Americans living in poverty by as much as 875,000.

Tariffs reduce the purchasing power, or “real” incomes, of households by raising prices or decreasing incomes across the board. 3

“Because patterns of spending differ across households, this burden is felt unevenly,” Yale’s Budget Lab said in its report.

Tariffs disproportionately slam low-income Americans, who already live paycheck to paycheck and can’t afford to lose out on more of their income.

“Because lower-in

See Full Page