Trump's proposed tariff policies, especially at higher rates, would disproportionately harm middle- and low-income Americans while failing to deliver meaningful economic benefits.
Analysts estimate a $1,700-$2,600 annual reduction in after-tax income for the typical U.S. household, with lower-income families facing the most significant relative losses.
Tariffs function as a regressive tax, disproportionately impacting households that spend a higher share of their income on goods.
For the median household, this would represent a 4.1% decline in after-tax income.
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