U.S. consumers will pay 55% of Trump tariff costs, Goldman Sachs says
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Oct. 13 (UPI) -- U.S. consumers will likely pay for more than half the cost of tariffs this year through higher prices, according to a new Goldman Sachs analysis. Goldman Sachs economists predicted Sunday that U.S. companies will shoulder 22% of the tariffs , implemented by President Donald Trump six months ago, with foreign exporters taking an 18% hit by cutting prices. "If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this
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