The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman | WHAT REALLY HAPPENED


The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman

Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

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