Goldman Sachs: American consumers may bear 67% of tariff costs

ChainCatcher news, according to Jinshi Data reports, Goldman Sachs' research shows that so far, U.S. companies have borne most of the costs of Trump's tariffs, but the burden will increasingly shift to consumers. Analysts at Goldman Sachs, including Jan Hatzius, wrote in a report that as of June, U.S. consumers had borne about 22% of the tariff costs, but if recent tariffs follow previous taxation patterns, their share will rise to 67%.

So far, U.S. companies have borne about 64% of the tariff costs, but their share is expected to drop below 10% in the future. As of June, foreign exporters had borne about 14% of the tariff costs, and their share may rise to 25% in the future. In summary, U.S. inflation rates are expected to rise for the remainder of the year. Goldman Sachs predicts that based on the assumption of a potential inflation rate of 2.4% excluding tariff impacts, the year-on-year growth rate of core personal consumption expenditures (PCE) in December will reach 3.2%.