U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says
U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says
U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says
The findings 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.
Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.
And with new tariffs likely on the way, the cost burden could rise even higher, they said.
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.
Right, Bernie would have come in and what, magically persuaded congressional Republicans to support all his programs and initiatives?
You probably don't even realize that 90% of Obama and Biden's perceived failures in office were due to massive opposition by elected Republicans.
Like, ObamaCare was originally supposed to have a single-payer public option, but they couldn't get enough enough votes to pass it.
But you are talking like Bernie would have come in and what, Jedi Mind Tricked the Republicans into voting for single payer?? Incredible.