Trump’s tariffs could push nearly 1 million Americans into poverty, report finds

New York —

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.

The figures are based on the Official Poverty Measure , a long-standing poverty metric based on pre-tax income.

Tariffs and related price hikes tend to hit low-income families the hardest. Less affluent households typically spend a bigger chunk of their paychecks than high-income families on living expenses, meanin