President Donald Trump didn’t hold back against Goldman Sachs and its head on Tuesday.
Economists from the leading banking firm projected in a new report that U.S. consumers will ultimately end up facing the brunt of Trump’s sweeping tariffs once they settle in the economy. The report revealed that Americans paid around 22% of tariff costs in June, but the number is only expected to hike, with a prediction of 67%, as more businesses are expected to increase their prices. Firms have absorbed about 64% of costs thus far, but they could move to digest around less than 10%, according to the economists.
In a post on his Truth Social platform, Trump took aim at Goldman Sachs and its CEO, David Solomon, for refusing to “give credit where credit is due.” He did not indicate why he was speci