“Trump tariffs will hurt lower income Americans more than the rich, study says”

“Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers.

However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy…”

https://www.cnbc.com/2025/04/25/trump-tariffs-taxes-poor-rich.html

All taxes hurt the poor more than the rich. Tariffs are a tax. Furthermore everything hurts the poor more than the rich. These articles are ridiculous. To no ones surprise long term benefits of tariffs are ignored. The jobs created, with higher wages may I add, by tariffs will benefit the poor.