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

It's still outpacing inflation, which is more than you can say for Resident Zero.

No surprise you ignore how much the American economy would have shrunk with wide open borders, 10 million jihadist imported in for a civil war, 95% tax rate, no cars, no hamburgers and all the rest of the alternatives you miss.

Go fuck yourself. You got a third rate college education and most likely cheated to get your degree.

Ass wipe.

The Don is keeping the country from going far left globalist, you stupid motherfucker.

You Aussies still sucking more dick per capita than San Fransisco? I'd love China to nuke your ass. I'd throw a party that you motherfuckers are burnt alive. You globalist prison planet motherfucker.

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.

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

Trump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.

“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

“However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs.”

Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.

Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said.

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Bullshit. I have noticed zero inflation on made-in-China goods. China is absorbing the cost of the tariffs, desperately hoping to stop the hemorrhaging of factories relocating to other turd-world countries.

OP, you are a dumbfuck.

Quoting Goldman Sachs... :pffft-spitsmoke

Bullshit. I have noticed zero inflation on made-in-China goods. China is absorbing the cost of the tariffs, desperately hoping to stop the hemorrhaging of factories relocating to other turd-world countries.

Let me explain this for you...it’s simple:

American consumers pay the tariffs.

American farmers get hurt.

American taxpayers bail out the farmers.

President Trump brags about it.

Bullshit. I have noticed zero inflation on made-in-China goods. China is absorbing the cost of the tariffs, desperately hoping to stop the hemorrhaging of factories relocating to other turd-world countries.

Lol @ the fake unemployment rate, how can anyone believe it's only 3.5% is beyond me

Non farm payrolls have been manipulated since 2000, the figure means nothing

No surprise that the narrative is focusing on that and ignoring the indicators with merit which show the economy is shrinking

What about the households who have more money because their goods are now competitive? They aren't looking into that, are they? Because it would help Trump?

Democrats love taxes as long as they promote social engineering that harms America.

It's just the shills shillin today. Clearly planned.

These people are doing anything they can to try to bring down Trumps approval.

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.

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

Trump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.

“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

“However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs.”

Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.

Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said.

[link to cnb.cx (secure)]

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.

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

Trump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.

“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

“However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs.”

Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.

Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said.

[link to cnb.cx (secure)]