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Goldman Estimates U.S. Consumers to Bear Majority of Trump Tariffs

According to Goldman Sachs, U.S. consumers are expected to shoulder more than half of the costs from tariffs imposed under President Trump’s policies.

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Terms & Concepts
  • Tariffs: A tax imposed on imported goods and services, often used to protect domestic industries or as a trade policy tool.
  • Goldman Sachs: A global investment banking, securities, and investment management firm providing financial services to corporations, governments, and individuals.
  • Trade Policy: Government regulations and agreements that control international trade, affecting tariffs, import/export restrictions, and market access.