US Consumers Paying More Than Half The Cost Of Newly Imposed Tariffs

Six months after President Donald Trump imposed significant tariffs on imports, U.S. consumers are shouldering 55% of the costs , according to a report from Goldman Sachs. The report, released Sunday (October 12), highlights that new tariffs could increase the burden on consumers even further.

Since April, President Trump has implemented tariffs on various goods, including copper, steel, aluminum, and some automobiles. Country-specific tariffs have also been levied, with rates as high as 28% on China and 16% on other countries. The Bureau of Labor Statistics has tracked a consistent rise in consumer prices since the tariffs' introduction, with the Consumer Price Index reaching 2.93% in August.

Goldman Sachs economists, including Elsie Peng and David Mericle , noted that U.S. bus