U.S. consumers paying most of the costs of Trump's tariffs

Given that tariffs are import taxes, it's no wonder Goldman Sachs found that consumers are shouldering most of the costs of President Trump's. The supply chain ends with you.

The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.

Consumer prices up every month of his administration but one, and now inflation is going up too. Goldman Sachs claims 55% of the costs of the tariffs are borne by consumers, and its methodology is simple: 10

The Goldman