Consumers Set to Absorb the Majority of Tariff Costs Goldman Sachs, led by Jan Hatzius, just dropped a note nobody with half a conscience should ignore. As of June 2025, Americans had shouldered roughly 22% of Trump's tariffs—tiny crumbs compared to the bulk businesses swallowed. But by October 2025, that share is projected to balloon to 67%—two‑thirds of the pain shifted onto your shoulders. It’s not just math—it’s a sneaky assault on your wallet. Businesses that once absorbed costs are now dumping them on consumers through price hikes. Goldman sees business burden falling from 64% to less than 10%, while foreign exporters’ share edges up modestly from 14% to 25%. The Inflation Time Bomb Look around: laptops, groceries, cars—price tags…
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