‘Maybe, he ought to just focus on being a DJ’: Trump rips Goldman Sachs CEO

Trump’s reprimand – which was thrown through a pivotal post on his social platform – in response to a research note published by Hatzius on Sunday, indicating that consumers have a large share of the costs caused by the customs tariff imposed during Trump’s commercial battles. “Our estimates indicate that American consumers absorbed 22 % of the costs of definitions until June, but their share will be possible to 67 % by October if subsequent definitions have the same effect over time as the first tariff,” the team led by Hatezius.

However, Trump categorically rejected the conclusions of Goldman Sachs, and insisted that “the trillion dollars are taken on customs duties, which were incredible for our country, the stock market, its general wealth, and everything else.” He claimed, without evidence, that it was “proven” that consumers do not pay the definitions, but rather companies and governments “in most of them … capturing the tabs.”

It seems that the customs tariff trade system generates significant revenues, but it will take years to strike a trillion dollar brand, as Trump claimed. A Respected, non -party Tank Hawk Think, the responsible federal budget committee, calculated $ 25 billion in customs tariff revenues in July and expects $ 1.3 trillion by the end of Trump’s term in his post. In July, Morgan Stanley evaluated a developing tariff image as a “mosaic” that would bring about $ 2.7 trillion over a decade.

Trump tactics

The clash comes above the customs tariff, as inflation data released on Tuesday showed that consumer prices rise by 0.2 % in July during June, by 2.7 % during the past year. Trump tried to rotate these numbers as evidence that his commercial policies did not raise fugitive inflation. “The definitions did not cause inflation or any other problems for America, unlike the huge amounts of money that flowed into our locker cabinets,” he said.

Lambasting General Suleiman Suleiman adds to an increasing list of fennel companies targeted by Trump, including CEO of Apple Tim Cook, Intel’s Lip Bu-Tan and Tesla’s Elon Musk, all of whom were criticized for the criticism of the Economic Administration of the Trump administration.

Earlier on Tuesday, Trump was attacking Federal Reserve Chairman Jerome Powell, after the July Consumer Prices Index report showed that inflation came coldly from what was expected – although the “basic” inflation rose to the highest reading in five months. Trump wrote to Trump in fact about the Central Bank’s refusal to fly on interest rates: “Jerome” is very late “he must reduce the rate.” He added that “he is considering allowing a major lawsuit against Powell to continue” due to a completely separate case: the continuous renewal, which exceeds the budget of $ 2.5 billion for the Federal Reserve headquarters in Washington, DC,

Solomon nor publicly responded to Trump’s sides. Goldman Sachs refused to comment. The White House immediately did not comment, when contacting it.

For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.