Goldman Sachs refuses to retreat from his analysis that the Americans – not foreign sources or foreign governments – hold the majority of the costs of President Donald Trump’s tariff. The giant Wall Street company this week has multiplied the research of the chief economist Jean Hatzius, as inflation data showed a leap in consumer prices and intensifying the political reaction from the White House.
The latest report of Joldman, which was published on Sunday, confirms that although American companies have so far endured most of the financial pain, the share taken by ordinary Americans is scheduled to rise sharply. As of June, consumers absorbed 22 % of the collective tariff costs, Hatzius was calculated, adding that the number is expected to jump to 67 % by October if the pattern seen in the early tours of Trump’s commercial actions continues. For companies, the burden will shrink from 64 % to 8 %, while foreign suppliers will see a modest increase from 14 % to 25 % of the effect of customs tariffs.
In response to the report, Trump It broke out in anger on TuesdayCEO of Goldman, David Solomon, and without naming him, Hatzius.
“We are standing next to the results of this study,” CNBC told CNBC. Screaming the next day. “If you follow the latest customs tariff, such as 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.”
Goldman’s economists expect that the inflation scale in the basic personal consumption expenditures (PCE) will rise to 3.2 % by the end of the year if the customs tariff remains in place, with about 0.7 percentage points of those attributed directly to the customs tariff system – higher than the basic inflation of the 2.4 % direction.
Trump refused – personal attack
Trump responded with a barrage of publications, interviews and public data that question the results of Goldman. He insists that “trillion dollars is taken in the customs tariff”, where companies and governments are paid abroad – not American families – most of the bill. On Tuesday, Trump Goldman was constantly accused of losing the mark on both market repercussions and tariffs.
“David Solomon and Goldman Sachs refuse to give credit when credit due,” Trump wrote about the social truth. “They have long made a bad prediction of both market repercussions and definitions themselves, and they were wrong, just as they made a lot of mistake.”
Analysts say Trump’s attacks on Wall Street characters, as well as his audio payment of federal reserve price discounts, reflects a calculated strategy to undermine critics and strengthen a supportive account of the conflict-even as an escalating evidence that consumers face increasing prices in the registry. Financial experts warn against ignoring the effect of passing a customs tariff on consumers from the debate about inflation, especially since the Federal Reserve and investors hold long -term risks.
While the president’s advisers and some of the Trump administration officials claim that there is no tariff that caused inflation, analysts regardless of Goldman Sachs – including those in Morgan Stanley The responsible federal budget committee – the real burden will become more clear as new rounds of definitions destroy themselves deeper into supply chains and pricing structures.
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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