Trump tells Goldman Sachs CEO to replace economist over tariff predictions
David Solomon, Goldman Sachs CEO, joins an Invest America Round Desk in the state dining room in the White House in Washington.
Evelyn Hockstein | Reuters
President Donald Trump said Tuesday Goldman Sachs CEO David Solomon should either replace the bank’s economist or “focus on being just a DJ”.
Against Trump’s DJ, Broadside against Solomon, the Moonlight, the President revealed what he calls the “big” income collected by the federal government for tariff policies.
“Tariffs did not cause any problems other than inflation or a large amount of cash pouring into the chests of our treasury for the United States.” Trump said Trump. Real social mail
According to the Treasury department, the tariff revenue increased in recent months and rose to approximately 28 billion dollars in July. In the meantime, inflation continued to increase, but the latest data showed that consumer prices accelerated slightly less than expected.
“Mostly, companies and foreign governments have paid for tariffs rather than consumers.
However, many economists continue to warn that Trump’s tariffs have not yet felt, and many businesses said they would have to increase prices in response to US import duties.
File Photo: DJ D-SOL, Jaja Tequila presented by the ‘SAFE & Sound’ Drive-in concert donation collection and on July 25, 2020 in the New York Water Mill in the Nova’s Arc Project in collaboration with Bomble experience.
Kevin excuse | Getty Images
Solomon and Goldman “The loan is up to the maturity of credit to give credit,” he wrote Trump, “a long time ago, both market echo and claims that they made a bad prediction in tariffs.”
“I think David should go out and get a new economist or maybe focusing on being just a DJ and not bothering to carry out a big financial institution.”
Trump did not name the economist he wanted to replace Solomon.
However, since 2011, the bank’s chief economist Jan Hatzius, Alerted in a research note On Sunday, US consumers will receive a share of the cost of Trump’s tariffs.
Hatzius and other Goldman researchers, “our estimates, US consumers until June, 22% of the tariff costs, but the later tariffs have the same effect as the same effect as the same effect until October implies that their share will rise to 67%.”
Trump also postponed most of the most severe tariffs by delaying the possible economic impact on US consumers.
Global “mutual” tariffs introduced in early April were rapidly paused and entered into force in a modified state last week. And Trump’s tariffs on Chinese goods, which were up to 145% at the summit, have returned to 30% since May.
A Goldman spokesman refused to comment on Trump’s social media post.
