Goldman Sachs: U.S. Consumers Pay Over Half of Tariff Costs

Six months into President Trump’s tariffs, U.S. consumers are bearing up to 55% of the costs, with potential increases as new tariffs are anticipated, according to Goldman Sachs. Despite a slight decline in inflation rates, consumer prices have risen monthly since April, with tariffs contributing an estimated 0.44% to inflation, possibly reaching 70% if further tariffs are enacted.

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