Reposted by @true-me.bsky.social
".. Consumers in the US have absorbed an estimated 22% of tariff costs through June, but their share will rise to 67% if the latest tariffs follow the pattern of levies in previous years .."
@bloomberg.com
www.bloomberg.com/news/article...
bloomberg.com
US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say
The impact of President Donald Trump’s tariffs on consumer prices is just getting started, according to research by Goldman Sachs Group Inc., adding more uncertainty to a Treasury market that has been...