President Donald Trump defended his sweeping tariff program in a Truth Social post on Tuesday, insisting the duties are funneling “trillions of dollars” into federal coffers without pushing up consumer prices. He added that, in most cases, companies and foreign governments rather than U.S. households are absorbing the levies. Trump used the same post to single out Goldman Sachs Group Inc. and its chief executive officer, David Solomon, saying the bank “made a bad prediction” about the market fallout from tariffs. The president suggested Solomon should hire a new economist or “just focus on being a DJ,” a reference to the CEO’s hobby as a disc jockey. Goldman’s chief economist, Jan Hatzius, warned in a research note Sunday that American consumers had borne 22% of tariff costs through June and could shoulder as much as 67% by October if higher duties follow past patterns. Treasury data released earlier Tuesday showed customs-duty receipts surged to almost $28 billion in July, lifting fiscal-year tariff revenue to roughly $142 billion. Trump’s remarks come four months after Washington imposed tariffs of up to 145% on Chinese imports, intensifying debate over whether the levies are stoking inflation ahead of potential Federal Reserve rate cuts.
Donald Trump pidió a Goldman Sachs cambiar a su economista principal por “equivocarse” sobre el impacto de sus aranceles en la inflación. Incluso sugirió a su CEO dedicarse a ser DJ en vez de dirigir el banco. 🎧💼 https://t.co/6mU06vI1nB https://t.co/oldvY2XLtW
トランプ氏、ゴールドマンCEOに批判の矛先 関税巡り「誤った予測」 https://t.co/CctxpSn4xK https://t.co/CctxpSn4xK
Trump’s taunt at Goldman’s d.j.-ing CEO signals tariff fight is getting personal. https://t.co/HAnQAvXiXr?