The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.

And with new tariffs likely on the way, the cost burden could rise even higher, they said.

The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.

  • DarkFuture@lemmy.worldEnglish
    2·
    22 hours ago

    You will never, in a million years, make Bernie Bros understand that presidents have to have Congressional support to get things done.

    They think he would have floated in on angel wings and waved a magic wand to fix everything. They lack the fundamental understanding of how our government does/doesn’t work.

    It’s exactly the same with the fools that voted 3rd party. They honestly thought they could bring in a rando from a party with ZERO representatives in Congress and have them actually get things done.

    These are not people who are comfortable using critical thinking skills.