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Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best
fortune.com/2025/08/11/trump-foreign-countries-eat-tariffs-pass-through-consumers
Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future and foreign exporters refusing to “eat” the price hikes. The bank expects the measures to lift core PCE inflation (personal…
This story appeared on fortune.com, 2025-08-11 16:44:03.129000.