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.

  • LaunchesKayaks@lemmy.world
    7·
    1 day ago

    I’m so broke rn that I’m rehoming most of my ducks. I’m only keeping 3 of the 8 that I have. I’ll save like $60/month on feed with a smaller flock. That money won’t go towards my savings, but to my mortgage payment which will go up by $40 starting in December.