President Donald Trump has escalated his criticism of economic analyses that challenge his trade policies, publicly urging Goldman Sachs Chief Executive Officer David Solomon to replace the bank’s economics leadership after it published research warning that U.S. consumers are bearing a growing share of tariff costs. The study, produced by a team including U.S. Chief Economist David Mericle and longtime chief economist Jan Hatzius, estimated that households absorbed 22% of tariff expenses in June and could shoulder 67% by October. Goldman Sachs said through Mericle that the team will continue releasing its reports despite the president’s objections. Separately, Trump removed the head of the Bureau of Labor Statistics and nominated commentator AJ Antoni to run the data agency. Market participants and economists across the political spectrum questioned Antoni’s experience; one conservative analyst told Axios the nominee "doesn’t understand basic economics." JPMorgan warned clients that a politicized BLS could undermine confidence in official inflation readings and roil the $2.1 trillion market for Treasury Inflation-Protected Securities, which rely on the bureau’s data. The White House’s twin interventions—pressuring a leading Wall Street research shop and reshaping the government’s statistical arm—come as a 145% tariff on Chinese imports is already feeding debate about the path of U.S. inflation. July consumer prices rose 0.2%, leaving annual inflation at 2.7%, according to figures released this week. Economists caution that any erosion of analytical independence could hamper investors’ and policymakers’ ability to gauge the impact of higher trade barriers on growth and prices.