Post #57657 by PucksFool on the US Policy board

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https://finance.yahoo.com/news/goldman-sees-us-con...

Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.

US consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded, they wrote.

For now “US businesses are likely bearing a larger share of the costs” as it takes time to raise prices, economists Elsie Peng and David Mericle wrote in the note. “If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this year, then US consumers would eventually absorb 55% of tariff costs.”

US levies have raised core personal consumption expenditure prices by 0.44% so far this year, and will push up the closely watched inflation reading to 3% by December, they wrote.

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And the stock market continues to whistle by the graveyard.

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Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc

...but won't we sleep better knowing no transexual man will sully the sanctity of traditional 'females only'areas .... only guys like Trump get to do that.

"Well, I'll tell you the funniest is that I’ll go backstage before a show, and everyone's getting dressed, and ready and everything else, and you know, no men are anywhere, and I'm allowed to go in because I'm the owner of the pageant and therefore I'm inspecting it. You know, I'm inspecting because I want to make sure that everything is good. "You know, the dresses. 'Is everyone okay?' You know, they're standing there with no clothes. 'Is everybody okay?' And you see these incredible looking women, and so, I sort of get away with things like that. But no, I've been very good."

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