The cost of Trump’s tariffs has fallen 'entirely' on U.S. businesses and households, says Goldman Sachs.
Key Points
The bank said in a note that the trade war's impact on U.S. consumer prices is now higher than previously expected, partly because Chinese exporters have not lowered their prices to better compete in the US market President Donald Trump waves during joint statements with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017.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.
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