Tariffs may drive hundreds of thousands into poverty, economists warn

[BumRushDaShow]

Source: Scripps News

Posted 9:32 AM, Sep 13, 2025


The latest measure of consumer inflation shows prices are rising, and according to a Yale University analysis, increased costs from tariffs implemented by President Donald Trump could push thousands of Americans into poverty.

The Yale Budget Lab estimates that new 2025 tariffs could increase the number of Americans living in poverty by 650,000 to 875,000, depending on the method used to measure poverty.

The analysis assumes that incomes from jobs will remain steady despite higher tariffs. It also accounts for government programs, such as Social Security, that adjust payments based on inflation. Yale economists say the current U.S. tariff rate is 17.4%, the highest since 1935. The report projects that the average U.S. household will lose about $2,300 a year because of tariffs.

Tariffs are taxes charged to companies importing products into the United States. The rate varies depending on the country of origin and the type of product. While some companies tried to absorb the cost of tariffs early in Trump’s presidency, more now say those costs will ultimately be passed on to consumers.

Read more: https://www.scrippsnews.com/life/money/tariffs-may-drive-hundreds-of-thousands-into-poverty-economists-warn

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Link to The Yale Budget Lab REPORT - State of U.S. Tariffs: September 4, 2025

[I_UndergroundPanther]

1. Since I am already poor

I am stocking up on a few things instant coffee, which will become too expensive for me, some canned goods
Nuts , dried fruits and beef jerky I have a food dryer and freeze it and use a machine that sucks the air out of the bag. Other than those things I haven’t enough room to stock up on more things.

[CTyankee]

8. You could probably freeze regular ground coffee. I do that all the time and it's fine....

[Bengus81]

2. Oh ya think?!?! It's a massive tax increase on all Americans

As usual it won't hurt the rich but will bury everyone else. Maybe a little history of what started happening in the summer of 1929 would be in order Trump. Have someone read it to you.

[not fooled]

3. Unfortunately, I think they do know the history

and are standing by, cash in hand, to buy up assets after Krasnov's tariffs wreck the economy.

[slightlv]

4. This is exactly what I think they are doing...

their waiting to buy our foreclosed homes, family farms, and then jail or kill us when we end up homeless. I can only hope the pendulum starts swinging in OUR direction before the entire 99% of the country is in ruins.

[sakabatou]

5. And repukes are fine with this. Cruelty is their feature.

[progree]

6. And on top of this, horrible news on healthcare premiums: (#1#) ACA (#2#) Employer-based

ACA credits expire at the end of the year. These made ACA (Obamacare) insurance much more affordable
https://www.democraticunderground.com/10143529349

=========================================

Health care costs are soaring. Blame insurers, drug companies — and your employer, NPR, 9/12/25
https://www.mprnews.org/story/2025/09/12/npr-health-care-costs-soaring-blame-your-employer

Some 154 million people get health insurance through their employer — and many could see their paycheck deductions surge next year, by 6% to 7% on average. Some will likely also see their out-of-pocket costs rise as employers pass along the spiking costs of care.

That's because employers will be paying a lot more — almost 9% more per employee on average, for the same level of coverage — to provide health benefits for their workers.

Last year, the average U.S. employer spent more than $19,000 per employee to provide family coverage while the employee kicked in $6,000, according to KFF. The total average family premium of $25,572 has increased 52% in the past decade.

Hmm, that's 4.276%/year average: 1.04276^10 = 1.52
About 4.3%/year

[wolfie001]

7. Voting for republicans is one of life's !?!greatest!?! self-sabotages

We were coasting in the '90s, then the christo-fascists blew up the political process and installed a stupid texan and we really haven't recovered from that. Wall Street and the various nut-bag RW tax-avoiding hate-inspired foundations have destroyed the legacy of America.

[Dulcinea]

9. Tax cuts for billionaires & corporations won't pay for themselves.

Sorry, America.

[travelingthrulife]

10. That's the plan!

[DoBW]

11. data image

From groceries to energy bills, Trump's tariffs and economic chaos are increasing costs for Americans.

— Amy Klobuchar (@amyklobuchar.com) 2025-09-15T22:27:25.459Z

[republianmushroom]

12. But, foreign countries pay for tariffs not us, ask trump.

and/or republican politicians.