President Donald Trump on Tuesday called for Goldman Sachs CEO David Solomon to name a new economist following a report predicting that consumers would pay the brunt of the bill for tariffs. File Photo by Bonnie Cash/UPI | License Photo
Aug. 13 (UPI) -- President Donald Trump called for Goldman Sachs CEO David Solomon to replace its chief economist after a prediction that consumers would pay the brunt of the cost for tariffs.
Trump wrote in a Truth Social post on Tuesday that Solomon and Goldman Sachs "refuse to give credit where credit is due" as he sought to minimize the impact of tariffs on consumers and tout the economic benefits.
"Trillions of dollars are being taken in on tariffs, which has been incredible for our country, its stock market, its general wealth and just about everything else. It has been proven, that even at this late stage, tariffs have not caused inflation or any other problems for America, other than massive amounts of CASH pouring into our Treasury's coffers. Also, it has been shown that, for the most part, consumers aren't even paying these tariffs; it is mostly companies and governments, many of them foreign, picking up the tabs," Trump said without citing any specific data.
