David Solomon Trump criticized the report of Goldman Sachs tariffs

president Donald Trump On Tuesday, David Solomon, CEO of Goldman Sachs, criticized a report that shows that American consumers and companies bear the burden of definitions, and asking him to “focus on being DJ”.

Trump’s comments follow a report assembled by Goldman Sachs The economists who have shown us companies and consumers pay the largest part of the president’s tariff cost, which are taxes on imports, instead of foreign countries that Trump said will cover the cost.

“The trillion dollars are taken into the definitions, which were incredible for our country, the stock market, its general wealth, and everything else. It has been proven that even at this late stage, the definitions did not cause inflation, or any other problems for America, unlike huge amounts of money in our wardrobe,” Trump wrote on the social platform of the truth.

“Also, it turned out that, most often, consumers do not pay this customs tariff, most of them are companies and governments, many of which are foreigners, and they pick up the tab. But David Solomon and Goldman Sachs refuse to highlight the credit in time. They have achieved a long prediction for a long time on both the decrease in the market and the opposition, and they were wrong in everything.

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“I think DJ should focus on managing a major financial institution,” Trump said, referring to the Suleiman Jeraibi project.

Fox Business has arrived at Goldman Sachs to comment on the Trump post.

At the end of this week, economists in Goldman Sachs, led by Jean -Hatzius, issued a preliminary analysis of how to increase costs from Trump’s tariffWhich are taxes on imported goods, affected foreign exporters, American companies and American consumers so far amid the various tariffs of the administration earlier this year.

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Economists in Goldman found this Foreign sources absorbed Only 14 % of the cost of all the customs tariffs that were implemented to June, although this number will rise to 25 % if the recently implemented tariff followed the same pattern that has no in effect in China, which was used as a major guide given the “mutual” definitions announced in April until recently.

In terms of the remaining costs, the report found this American consumers I absorb 22 % of the costs of customs tariffs until June, but this will rise to 67 % over time based on the pattern shown by the first customs tariff.

This is partly because American companies – which have absorbed 64 % of the costs of customs tariffs so far – will witness a decrease in their share to 8 % over time because they become less prepared to resist high prices and allow tariffs to get to know profit margins.

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“This means that American companies have absorbed more than half of the tariff costs so far, but their share will decrease to less than 10 %. This net impact on American companies’ masks has absorbed some companies a greater share of customs tariff costs, while some local producers have sparked their import competition and benefited from that.”

The report is also estimated that the nucleus Personal consumption expenses (PCE) The Federal Reserve’s Favorite Influence Service – 0.2 % so far due to the definitions and will increase by another 0.16 % in July.

It is expected to increase 0.5 % from August to December, and to leave Basic PCE enlargement At 3.2 % on an annual basis in December, when it is 2.4 % without the effect of definitions, according to Goldman Sachs analysis.

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The goal of the long -term inflation of the Federal Reserve is 2 %, and the continuous inflation in those levels during the end of the year can reduce the expectations of multiple interest rates this year as policymakers in the central bank are looking to restore inflation to the goal without weakening the labor market.