Ex-White House aide: U.S. tariffs impact nationwide, hits low-income groups most

Gary Cohn, who headed the White House National Economic Council during Donald Trump's first term as president, stated bluntly in a recent interview that the impact of the current U.S. tariff policy is expected to gradually become evident nationwide starting from the end of next month. Cohn pointed out that the supply chain cycle for the cross-border circulation of goods takes about eight weeks. Based on this calculation, the effects of tariffs will gradually emerge in the last few weeks of May.

Furthermore, he analyzed that, in order to make ends meet, low-income groups need to spend all of their income on purchasing goods. In contrast, the wealthy can set aside a higher proportion of their income. As a result, this round of tariff shocks will have a more significant impact on low-income groups in the United States.