President Trump took the goal to the Wall Street giant on Tuesday, where he launched a very personal attack on the CEO of Goldman Sachs David Solomon and the company’s chief economist, Jean Hatzius, in the last chapter of his continuous conflict with the prevailing business leaders On the impact of definitions on the American economy. Trump wrote on social media: “I think David should come out and get a new economist, or, maybe he should only focus on DJ, and does not bother to manage a major financial institution,” Trump wrote on social media. The Dig referred to the Solomon side project as a jocia that results from e-dance music and performance in festivals and music under the name “DJ D-Sol”.
Trump’s reprimand – was thrown through Pubbed posted on the social truth platform– In response to a research note published by Hatzius on Sunday, which shows us that consumers have a large share of the costs caused by the definitions imposed during Trump’s commercial battles. “Our estimates indicate that American consumers absorbed 22 % of the costs of definitions until June, but their share will be possible to 67 % by October if subsequent definitions have the same effect over time as the first tariff,” the team led by Hatezius.
However, Trump categorically rejected the conclusions of Goldman Sachs, and insisted that “the trillion dollars are taken on customs duties, which were incredible for our country, the stock market, its general wealth, and everything else.” He claimed, without evidence, that it was “proven” that consumers do not pay the definitions, but rather companies and governments “in most of them … capturing the tabs.”
It seems that the customs tariff trade system generates significant revenues, but it will take years to strike a trillion dollar brand, as Trump claimed. A Respected, non -party Tank Hawk Intellectual, Federal Federal Budget Committee, According to $ 25 billion of customs tariff revenues Groups in July expected $ 1.3 trillion at the end of Trump’s term in his position. In July, Morgan Stanley Evaluating the image of the growing tariff as “mosaicThis will bring about 2.7 trillion dollars over a decade.
Trump tactics
The clash comes above the customs tariff, as inflation data released on Tuesday showed that consumer prices rise by 0.2 % in July during June, by 2.7 % during the past year. Trump tried to rotate these numbers as evidence that his commercial policies did not raise fugitive inflation. “The definitions did not cause inflation or any other problems for America, unlike the huge amounts of money that flowed into our locker cabinets,” he said.
Solomon Goldman Sachs adds to a growing list of companies targeting Trump, including apple CEO Tim Cook, Intel’s oral lipstick, and all of them have been criticized for cognitive criticism of the Economic Administration of the Trump administration.
Earlier on Tuesday, Trump was attacking Federal Reserve Chairman Jerome Powell, after the July Consumer Prices Index report showed that inflation came coldly from what was expected – although the “basic” inflation rose to the highest reading in five months. “Jerome” is very late, “it must reduce Powell now average,” Trump He wrote about social truth On the refusal of the Central Bank of the Bank to budge on interest rates. He added that “he is considering allowing a major lawsuit against Powell to continue” due to a completely separate case: the continuous renewal, which exceeds the budget of $ 2.5 billion for the Federal Reserve headquarters in Washington, DC,
Solomon nor publicly responded to Trump’s sides. Goldman Sachs refused to comment. The White House immediately did not comment, when contacting it.
For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.
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