Goldman says the costs of Trump's tariffs have fallen 'entirely' on US businesses and households
Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen "entirely" on American businesses and households, with a greater impact on consumer prices than previously expected.
President Donald Trump waves during joint statements with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017.said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen "entirely" on American businesses and households, with a greater impact on consumer prices than previously expected.
"However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices of imported goods from China that faced tariffs."
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