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Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best
Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future.
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fortune.com
Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best
Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future.
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cnbc.com
As Trump berates Goldman, other economists agree that higher tariff inflation is coming
Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it's far from alone in that view.
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Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs
"We stand by the results of this study,” Goldman economist David Mericle told CNBC's Squawk on the Street on Wednesday.