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Trump Jabs Goldman Sachs CEO Over Tariff Costs

8/14/2025

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Summary

Trump Critiques Solomon

President Trump took aim at Goldman Sachs CEO David Solomon, accusing him of underestimating the burden of tariffs on consumers. Trump insisted that foreign companies would absorb the costs instead. In a playful jab, he suggested Solomon should stick to his DJing, rather than steering the bank, as Goldman warns that consumer tariff costs could soar by 67%.

Summary

Trump Challenges Goldman

U.S. consumers are feeling the pinch as Goldman Sachs reveals they've shouldered 22% of tariff costs, a figure expected to soar to 67% by October. Meanwhile, American companies have absorbed 64%, leaving foreign exporters with just 14%. In response, President Trump slammed Goldman’s predictions, insisting tariffs haven't fueled inflation and challenging the CEO to rethink his economist's insights.

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Trump Critiques Solomon

President Trump took aim at Goldman Sachs CEO David Solomon, accusing him of underestimating the burden of tariffs on consumers. Trump insisted that foreign companies would absorb the costs instead. In a playful jab, he suggested Solomon should stick to his DJing, rather than steering the bank, as Goldman warns that consumer tariff costs could soar by 67%.

1 / 2