According to a Goldman Sachs analysis led by economist Elsie Peng, what percentage of the cost of President Trump’s tariffs are U.S. consumers projected to bear by October 2025?
Explanation
Goldman Sachs economists, including Elsie Peng, found that while American households absorbed only 22% of the tariff burden through June 2025, that share is forecast to rise to 67% by October 2025 as...
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