While Trump did not specify which Goldman research he was referring to, the Wall Street bank – like many of its peers – has taken a bearish stance on Trump's tariffs.
In a note published on Sunday, Goldman Sachs analysts, led by chief economist Jan Hatzius, said US consumers had absorbed 22% of tariff costs through June and that figure could rise to 67% if recent tariffs continue on the same trajectory...
https://www.theguardian.com/us-news/2025/aug/12/trump-goldman-sachs-chief-david-solomon
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