Americans are covering the majority of the rising costs from President Donald Trump's tariffs, according to new economic analysis.

Goldman Sachs estimates that US consumers will ultimately pay for 55% of Trump's tariffs, NBC News reported. Economists Elsie Peng and David Mericle also forecast that American companies will be responsible for 22% of the costs, while foreign exporters will cover 18%.

The Goldman team said tariffs have already added 0.44% to core inflation, likely pushing the metric to 3% by December if current trends continue. While inflation has cooled from COVID-19 pandemic-era highs, rates remain above what economists consider healthy, causing consumers and businesses to continue feeling financial pressures.

Since returning to office, Trump has imposed tariffs on most co

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