The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.

And with new tariffs likely on the way, the cost burden could rise even higher, they said.

The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.

  • UnderpantsWeevil@lemmy.worldEnglish
    13·
    11 months ago

    Tell your employers and demand a raise to compensate. Pass the buck until someone in the finance sector gives a shit.

  • LaunchesKayaks@lemmy.world
    5·
    11 months ago

    I’m so broke rn that I’m rehoming most of my ducks. I’m only keeping 3 of the 8 that I have. I’ll save like $60/month on feed with a smaller flock. That money won’t go towards my savings, but to my mortgage payment which will go up by $40 starting in December.

  • CharlesDarwin@lemmy.worldEnglish
    3·
    11 months ago

    Whoa, are you saying not all companies were total loyalists to Taco and didn’t just eat the cost of his egotistical fantasies?

  • ikidd@lemmy.worldEnglish
    3·
    11 months ago

    What childhood enemy of Trump’s is making kitchen cabinets and is now being punished?

    The “National Security” implications of cabinetry are beyond me.

  • DarkFuture@lemmy.worldEnglish
    2·
    11 months ago

    It’s almost like Americans should have listened to every fucking economist in the country.

    But Americans are stupid, so here we are.

  • Treczoks@lemmy.world
    2·
    11 months ago

    Only? I would have expected them to take all, and a bit. Never let an opportunity to make some extra profit go to waste…