Source: United Press International
“U.S. consumers will likely pay for more than half the cost of tariffs this year through higher prices, according to a new Goldman Sachs analysis. Goldman Sachs economists predicted Sunday that U.S. companies will shoulder 22% of the tariffs, implemented by President Donald Trump six months ago, with foreign exporters taking an 18% hit by cutting prices. … Goldman Sachs'[s] recent analysis did not take into account Trump’s threat Friday to impose a 100% tariff on [American buyers of] goods from China. Those tariffs are set to take effect on Nov. 1, and will increase levies from 30% after Beijing’s Commerce Ministry announced tightened export restrictions on rare earth items and materials.” (10/13/25)
https://www.upi.com/Top_News/US/2025/10/13/consumers-55-Trump-tariffs-goldman-sachs/8051760404249/