Economists believe that the customs tariff will lead to inflation soon

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David Solomon, Chairman and CEO of Goldman Sachs, speaks during the Goldman Sachs Impact Funds at the Goldman Sachs headquarters in New York City, United States, November 14, 2023.

Brendan McDdided Reuters

Do not mess with DJ D-Sol- Goldman Sachs The name of the CEO David Solomon’s stage when he shakes clubs His other life is like Ji.

US President Donald Trump Goldman criticized On Tuesday, to predict that the definitions will lead to an increase in inflation, and Suleiman said, “He must get out and get himself a new economist or, perhaps he should focus only on his being DJ.”

In response, Goldman defended the results of her studies, according to an interview conducted by CNBC with bank specialist David Merikli.

“If you follow the latest customs tariff, like April tariff, the same pattern we saw with that first tariff in February, then in the end, in the fall, we appreciate that consumers will carry about two -thirds of the cost,” said Merikley.

Goldman, in fact, is not the only Wall Street bank that puts this opinion.

UBS Brian Rose’s senior economists wrote that “the declining trend in the basic inflation was broken with the start of the customs tariff in overcoming retailers,” while Michael Feli, the chief American economist in Jpmorgan ChaseHe said in note that the customs tariff can “add 1-1.5 % to inflation, some have already happened.”

Of course, seeing consensus does not mean that predictions will be achieved. Remember how all economists were sure of The American recession will occur in 2023 – Just to The economy grows by 2.5 % that year.

However, if it is proven that Goldman-Economists are from other banks-he would have made a mistake in inflation driven by customs tariffs and Trump, in a virtual scenario, he managed to remove Solomon in some way from his position, at least the DJ D-Sol will remain spinning records.

Jeff Cox of CNBC contributed to this report

What you need to know today

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Finally …

Customers buy groceries in a supermarket in Singapore.

Bloomberg Bloomberg Gety pictures



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