Trump’s Tariff Victory Lap President Trump took to social media this morning to declare vindication: tariffs haven’t caused inflation, he says, despite “fearmongering” from economists, media outlets, and Wall Street. He boasted that “trillions” have flowed into the Treasury and claimed that foreign governments and corporations — not U.S. consumers — are footing most of the bill. Trump singled out Goldman Sachs CEO David Solomon, mocking both his predictions and his side career as a DJ. In Trump’s telling, Goldman got it wrong on tariffs and markets, and refuses to admit it. Goldman’s Counterpoint: The Costs Are Rising Goldman Sachs economists see it differently. Their analysis shows that, as of June, U.S. consumers had absorbed about 22% of the tariff…
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