Author: Daniel snow

Amid heated criticism from former President Donald Trump, Goldman Sachs is standing firm on its projection that American consumers will soon absorb the majority of the costs from newly imposed tariffs. In a televised interview, David Mericle, a leading economist at the investment bank, reaffirmed the company’s stance following a public rebuke from Trump on Truth Social. The former president had called on Goldman CEO David Solomon to either “get a new economist” or resign, after Goldman released a research note suggesting tariffs would soon start hitting everyday Americans’ wallets. Consumers Could Bear Two-Thirds of the Cost Despite the backlash,…

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