Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Photo File: DJ D-SOL performs during the “Safe & Sound” fundraiser, which represents Jaja Tequila, as well as in the Know experience in partnership with Bumble’s Ark Project on July 252020 in Water Mill, New York.
Kevin Mazur | Gets the image
President Donald Trump On Tuesday it said Goldman Sachs CEO David Solomon They must either replace their economist or “just focus on yes -ge”, a few days after the bank economist warned that US consumers would pay for the more new tariffs.
Wide Trump vs. Solomon – which Lunar wicked as yes –ji – It happened when the president advertised the profit that is going to the federal government from his tariff policy.
“Tariffs did not cause inflation and any other problems for America, except for a large amount of cash poured into the treasury,” Trump wrote in A in A The truth is social Publication.
Then Trump said: “It was shown that most of the company and foreign governments pay for tariffs, not consumers.
“But David Solomon and Goldman Sachs refuse to give a loan where the loan belongs,” Trump wrote.
“They have long made a bad forecast both on the market and at the tariffs themselves, and they were wrong, just as they were not much in the way,” the President wrote.
“I think David should come out and get himself a new economist, or he must just focus on being and -j, and not interfere with the management of a major financial institution.”
Trump did not name the economist he wants to replace Solomon.
But Jan Hatus, Chief Economist Goldman since 2011, warned in a research note On Sunday, US consumers will eventually absorb an increasing share of Trump tariffs.
“Our estimates follow that US consumers have absorbed 22% of the tariff expenses by June, but that their share will probably grow to 67% by October, when the later tariffs will have the same impact over time, as the earliest tariffs,” the Goldman writes and other researchers.
Goldman’s press secretary refused to comment on a post on Trump’s social media.
According to the Ministry of Finance, the profit from the tariffs has increased to almost $ 28 billion.
Meanwhile, inflation continues to increase, though the latest data has shown that consumer prices have grown A little less than expected.
But many economists continue to warn that the complete consequences of Trump’s tariffs are not yet felt, and many businesses have already said that they will have to increase prices in response to US import duties.
