Goldman Sachs doubles on pricing research that has made Trump furious, saying that the average Americans will support two thirds of costs

The latest Goldman report published on Sunday argues that although American companies have so far experienced most of the financial pain in prices, the share picked up by everyday Americans should increase sharply. In June, consumers had absorbed 22% of total tariff costs, calculated Hatzius, adding that the number should increase to 67% by October if the model observed in the first cycles of Trump’s commercial actions continues. For companies, the burden will drop from 64% to 8%, while foreign suppliers will see a modest increase from 14% to 25% of the price impact.

In response to the report, Trump broke into fury on Tuesday, castigating the CEO of Goldman, David Solomon, and, without naming it, Hatzius.

“We support the results of this study,” said economist Goldman, David Mericle, at CNBC Squawk in the street the day after. “If the most recent prices, such as the April rate, follow the same model as we saw with these first February prices, then finally, in the fall, we believe that consumers would support around two thirds of the cost.”

Goldman economists provide that the basic personal consumption (PCE) inflation gauge will increase to 3.2% by the end of the year if prices remain in place, with approximately 0.7 percentage points of that directly attributable to the pricing diet-substantially above the inflation of the under-tendency of 2.4%.

Trump’s rejection – and a personal attack

Trump responded with a barrage of posts, interviews and public statements contesting the conclusions of Goldman. He insists that “thousands of dollars are in the process of being produced by prices”, arguing that companies and governments abroad – not American households – pay most of the bill. Trump on Tuesday accused Goldman of having constantly missed the brand both on market repercussions and pricing effects.

“David Salomon and Goldman Sachs refuse to give credit where credit is due,” Trump wrote on Truth Social. “They made a bad prediction a long time ago on the repercussions of the market and the prices themselves, and they were wrong, just as they are wrong with almost others.”

Analysts claim that Trump’s attacks on Wall Street figures, associated with its vocal thrust for federal reserve rate reductions, reflect a calculated strategy to undermine criticism and strengthen a pro -ta -tail story – even as proof that consumers are faced with the increase in prices in the register. Financial experts warn the ignorance of the effect of passing prices on consumers could confuse the debate on inflation, especially since the federal reserve and investors assess the long -term risks.

While the President’s advisers and some Trump administration officials argue that there are no late evidence rate have caused inflation, analysts outside of Goldman Sachs – including those of Morgan Stanley and the Committee for a responsible federal budget – we are more apparent to the real. and price structures.

For this story, Fortune Used a generative AI to help an initial project. An editor checked the accuracy of the information before the publication.