Tariff Costs Passing to Consumers Could Drive Inflation to 3.2% by Year-End
New research from Goldman Sachs highlights a notable shift in who ultimately pays for the tariffs introduced by the Trump administration. Economists led by Jan Hatzius find that, through June, American consumers have been responsible for only 22% of those tariff costs, while U.S. businesses have absorbed the remaining share. That balance appears to be … Read more