
A new analysis from Yale's Budget Lab shows that the sweeping tariffs imposed by President Donald Trump in 2025 act as a highly regressive tax, hitting America's poorest households more than three times harder than the richest.

A new analysis from Yale's Budget Lab shows that the sweeping tariffs imposed by President Donald Trump in 2025 act as a highly regressive tax, hitting America's poorest households more than three times harder than the richest.