$TRUMP
🚨 Goldman Sachs has released a new report directly contradicting Donald Trump’s repeated claims that foreign countries are paying for his tariffs. The analysis reveals that, in reality, American consumers are shouldering the majority of the burden. According to Goldman Sachs, U.S. consumers are already covering approximately 55% of tariff costs just six months after implementation.
Trump has long insisted that other nations would absorb the costs of these tariffs, but this latest data dismantles that narrative. Since April, when the tariffs were first announced, consumer prices in the United States have consistently increased, eroding household purchasing power and adding pressure to inflation. Economists warn that many companies initially managed to delay price hikes by relying on pre-tariff inventories, but as those supplies deplete, higher prices will inevitably follow to offset the additional costs.
Goldman Sachs also projects that inflation could rise even more sharply if Trump proceeds with his plan for another round of tariffs. The firm estimates that the tariffs have already added around 0.44% to the Federal Reserve’s preferred inflation gauge — a significant increase with broad economic implications. If the administration extends tariffs to everyday consumer goods such as furniture and kitchen products, that figure could climb to 0.6%, meaning American consumers would bear as much as 70% of the total tariff costs.
Critics argue that despite clear economic evidence, Trump remains unwilling to acknowledge the impact of his policies or reconsider his assumptions. Meanwhile, his family continues to face accusations of profiting from questionable international business dealings, including reports of a $400 million aircraft from Qatar tied to his network.
This latest report reinforces what economists have warned all along — tariffs are not being paid by foreign countries but by American consumers through higher prices, lower savings, and increased inflationary pressures.
