President Donald Trump’s tariffs would effectively cause a tax increase for low-income families that is more than three times higher than what wealthier Americans would pay, according to an analysis from the Institute on Taxation and Economic Policy.

President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Here's what economists say on the subject.

Donald Trump’s tariffs will end up hurting most Americans, acting as a tax increase for nearly every income group, with a minimal impact on the top one percent of earners. Those are the findings of an analysis by the Institute on Taxation and Economic Policy released Wednesday.