President Trump's tariffs, while intended to benefit small businesses, disproportionately harm low-income Americans. These tariffs raise prices on everyday goods, impacting low-income households more severely than higher-income ones. Furthermore, the risk of recession stemming from the tariffs would also disproportionately affect low-income families, increasing poverty and unemployment. While Congress and the courts could intervene, the most likely solution hinges on Trump reversing his policy.
Prepared by Christopher Adams and reviewed by editorial team.
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