Analysis Reveals Which Americans Trump's 'Liberation Day' Tariff's Will Hit The Hardest

A new analysis is showing that lower-income Americans will be affected the most by the wide-ranging tariffs set to be announced by President Donald Trump on Wednesday.

Concretely, the analysis by the Yale Budget Lab concluded that the lowest income households could see their disposable income drop by 5.5% if other countries retaliate with 20% tariffs.

Figures are reduced as income grows, with the richest households seeing a potential 2.1% drop. However, that figure still amounts to $9,500 per household among the richest tenth of the population. No one would see their disposable income grow as a result of the tariffs, according to the analysis.

Trump allies and foes alike are warning about the impact tariffs will have on the population. Speaking on CNN, former aide Alyssa Farah Griffin said it's the "worst news that you could be announcing today." "The number one thing Donald Trump needs to get his arms around is the cost of living, and that's where his numbers keep sinking," Farah added.

In fact, a recent CBS News poll showed that most Americans believe Trump has focused too much on tariffs and not enough on lowering prices. Overall, almost two thirds of Americans (64%) believe the Trump administration is not focusing enough on lowering prices, while 31% believes his focusing the right amount and just 5% answering that his focusing too much. 7% believe the admin not focusing enough on tariffs, while 38% believe it's doing so in the right amount and 55% that it's putting too much attention on the issue.

Farah Gryffin said in another passage of the interview that another Fox News poll showed that almost 70% of voters "think tariffs are going to increase prices."

Republicans are also conceding that tariffs won't yield immediate benefits for the population. Senator Tim Sheehy was recently asked about the topic by CNN anchor Kaitlan Collins. "I was looking at the numbers – 95% of Montana's imported goods come from Canada, Mexico, and China," she began. "Is this going to hurt people in your state?" "There's absolutely gonna be short-term pain," Sheehy admitted. "The president's been clear about that."

Trump reportedly has a fall guy if the decision backfires: Commerce Secretary Howard Lutnick. Politico reported on Tuesday that Lutnick was one of the biggest proponents of the measures, set to be announced by Trump as part of "Liberation Day." That means that he could also be on the receiving end of consequences if the economic fallout of the announcement displeases Trump.