Six months into President Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts. And with new tariffs likely on the way, the cost burden could rise even higher, they said. Watch NBC Bay Area News free wherever you are WATCH HERE The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers...
Tuesday 14 October 2025
wn.com - 5 hours ago
U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says
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