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.

An analysis published by The Budget Lab at Yale on Tuesday finds Trump’s tariff hikes will likely increase the number of Americans living in poverty by 875,000 in 2026. This increase includes an additional 375,000 children in poverty.

  • LoafedBurrito@lemmy.world
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    1 day ago

    The tariffs are all illegal, but the courts continue to let him extort the American people while no-one knows where the collected tariff’s are going.

    All these tariffs are being pocketed by Donald trump and his regime and we will see ZERO benefits from any of it. We will just watch our hard earned paychecks get burned while the job market continues to tank and thousand become homeless.

    It’s no coincidence donald wants to get rid of homeless people and put them in concentration camps while he purposely destroys the economy, forcing more to go homeless. It’s a great way for him to lock up the poor like Hitler did.