Goldman Sachs Economist David Mericle Stands by Tariff Study Saying Consumers Bear Brunt, Will Continue Research Despite Trump Criticism

Goldman Sachs Chief U.S. Economist David Mericle reaffirmed the bank's stance on its recent research regarding the impact of tariffs, despite criticism from President Donald Trump. The study concluded that consumers would bear the brunt of the tariffs, a finding that drew a sharp rebuke from the president. Mericle emphasized that Goldman Sachs stands by the results of the study and intends to continue publishing its research reports without alteration. The economist appeared on CNBC to discuss the implications of tariffs on businesses and consumers, maintaining the integrity of the bank's analysis amid political pushback.