Trump rebukes Goldman's Solomon and bank's economics research on tariff impact
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U.S. President Donald Trump criticized Goldman Sachs' research on tariffs, claiming consumers are not bearing the costs, contrary to Goldman’s estimate that they absorbed 22% of the costs. Trump stated that companies and foreign governments are primarily responsible for the tariff expenses. Goldman Sachs projected that consumer costs could rise to 67% if current trends continue. The debate highlights the complexities of tariff impacts on businesses and consumers amid ongoing trade tensions.
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