Americans are set to pay more than half of President Donald Trump\u2019s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
For now \u201cUS businesses are likely bearing a larger share of the costs\u201d as it takes time to raise prices, economists Elsie Peng and David Mericle wrote in the note. \u201cIf 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.\u201d<\/p>\n\n\n\n
Read it all<\/a>.<\/p> Americans are set to pay more than half of President Donald Trump\u2019s tariff costs as companies raise prices, according to Goldman Sachs economists https:\/\/t.co\/L04IgE1sdF<\/a><\/p>— Bloomberg (@business) October 13, 2025<\/a><\/blockquote>