President Donald Trump on 12 August publicly rebuked Goldman Sachs Group Inc. and its chief executive officer, David Solomon, saying the Wall Street bank had made a “bad prediction” about the economic fallout from his sweeping tariff agenda. In a post on Truth Social, Trump claimed tariffs are being paid largely by companies and foreign governments, contending that Solomon should hire a new economist—or “focus on being a DJ”—if the bank cannot acknowledge that view. The president’s remarks followed a 10 August research note by Goldman’s chief economist Jan Hatzius. The study estimated that, through June, American households had shouldered 22 percent of tariff costs, U.S. companies 64 percent and foreign exporters 14 percent. If the latest levies behave like earlier rounds, Hatzius projected, consumers’ share could climb to 67 percent by October. Goldman calculated that the duties have so far added roughly 0.2 percentage point to the personal-consumption-expenditures price index and could boost the gauge by as much as 0.66 point by year-end. Trump countered that tariffs have not fueled inflation, noting Treasury data showing nearly $28 billion in tariff revenue collected in July alone. The clash highlights the sensitivity around the tariff policy, which since February has extended to imports from Mexico, Canada and, at a peak rate of 145 percent, China. Trump’s criticism of Goldman follows similar attacks on other major lenders over their stances on trade and underscores the widening divide between the White House and parts of the financial sector over who ultimately bears the cost of the administration’s trade measures.