North America Via CNN

Who will pay the price: Lower-income Americans hit hardest by Trump's tariffs

President Donald Trump's tariffs are likely to disproportionately affect lower-income Americans, who will feel the brunt of the cost due to their lower economic resilience.

Who will pay the price: Lower-income Americans hit hardest by Trump's tariffs
Advertisement

President Donald Trump's tariffs are likely to hit lower-income Americans the hardest, as they disproportionately affect lower-middle-class and low-income families due to their limited ability to absorb price increases. Economists say essential goods such as food and medicine will be particularly affected by the tariffs. The cost of these goods is magnified for lower-income families, who rely on them for basic necessities. This group is expected to feel the brunt of the economic impact caused by the tariffs.

trumps tariffs wont
Share this article:
Original source: CNN
Read Original Article →

More Stories

Advertisement