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

According to a report by Golden Finance, Goldman Sachs' research shows that so far, American companies have borne most of the costs of Trump's tariffs, but the burden will increasingly shift to consumers. Goldman Sachs analysts, including Jan Hatzius, wrote in a report that as of June, American consumers had borne about 22% of the tariff costs, but if the recent tariffs follow the previous taxation pattern, their share will rise to 67%. So far, American companies have borne about 64% of the tariff costs, but their share will decrease to below 10% in the future. As of June, foreign exporters have borne about 14% of the tariff costs, and their share may rise to 25% in the future. Overall, the inflation rate in the United States is expected to rise for the remainder of this year. Goldman Sachs predicts that based on the assumption of a potential inflation rate of 2.4% after excluding the impact of tariffs, the year-on-year growth rate of core personal consumption expenditure (PCE) in December will reach 3.2%. (Golden Ten)