ICYMI: The cost of Trump's tariffs has fallen 'entirely' on US businesses and households: Goldman

[riversedge]

a few months old but we are still living with these increased costs.

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The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman


https://www.cnbc.com/2019/05/12/goldman-trump-tariff-costs-fall-entirely-on-us-businesses-households.html?__source=twitter%7Cmain


Published Sun, May 12 2019 3:45 PM EDTUpdated Mon, May 13 2019 10:53 AM EDT



Emma Newburger @emma_newburger




Key Points

Goldman Sachs 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.
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
“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

[Wounded Bear]

1. So he rags on the French for applying taxes THAT WE SHOULD HAVE...?

[ProudMNDemocrat]

2. True....

I am noticing higher prices for American grown produce as well.

Come Fall and Winter when the Fruit and Produce come from the Southern Hemisphere, prices will be higher still.

As for Wines, Australian wines are far superior to ours. They are producing award winners.

[Iliyah]

3. Giving a few farmers tax payer monies for what

t-rump created in the billions. Economy is slowing down and going this way

Continuing taking away healthcare. Low paying wages. Taking away SNAP. Messing with Medicare & SSI.

Prices rising including rent and so on.

Allowing dictators to keep and obtain nuclear weapons.

Constantly lying to the American people. Constantly spewing racism.

Criminal. Working with foreign countries to destroy the USA. Republicans on board.

[Phoenix61]

4. Where the heck else would they fall?

Only a complete idiot would have thought any different.

[smirkymonkey]

5. As expected, he is turning out to be a complete disaster for the economy

and it's only going to get worse. Because he knows NOTHING about how to manage the economy of a nation. Hell, he can't even run a successful business. The man is a complete loser.

Also, what does he know about French wine? Or any wine? I thought he didn't drink.

[Maraya1969]

6. I have noticed extreme higher costs to many items now, especially in the grocery store.

This is the middle and lower class paying for the tax breaks of the top 1%

[leftyladyfrommo]

7. Everything at Walmart has gone up. Not just a few

cents but dollars.