Trump said foreign countries would ‘eat’ tariffs—but U.S. consumers and businesses will actually pay 75% at best
Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future and foreign exporters refuse to “eat” the price hikes. The bank expects the measures to lift core PCE inflation to 3.2% by year-end, adding pressure to the Fed’s 2% target.
When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take which may be proved optimistic at best, and misguided at worst.
SUBSTITUTE TARIFFS FOR LOVE........
Last edit: 11 Aug 2025 06:51 by homeagain. Reason: ADD
Excellent. More incentives for Americans to save money.
Funny to see Hickenlooper complaining about Trump tariffs raising costs on Colorado consumers. I didn't see him lowering sales taxes on food and other consumer products when he was governor.
He is a smart man and realizes high sales taxes are very regressive on Colorado's working poor.
Thomas Sowell: There are no solutions, just trade-offs.
