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The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman

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The Trump and Republican version of winning: “Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen ‘entirely’ on American businesses and households, with a greater impact on consumer prices than previously expected… partly because Chinese exporters have not lowered their prices to better compete in the US market.”

Trump just imposed a 5% on all goods from Mexico – where we get the bulk of our fresh fruits and vegetables, along with roughly $400 billion in other products.

The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman

The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected.

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