Trump demands new economists from Goldman Sachs CEO

• Trump criticizes Goldman Sachs for inaccurate tariff forecasts
• The bank's CEO has been advised to find a new economist
• Consumers may face significant increases in tariff-related expenses

U.S. President Donald Trump criticized Goldman Sachs CEO David Solomon over the bank's forecasts regarding tariffs. Trump asserts that the bank has miscalculated the impact of tariffs on the economy.

In a statement on the social media platform Truth Social, Trump noted that most tariff-related expenses are borne by innocent companies and consumers. He also emphasized that Goldman Sachs fails to acknowledge its miscalculations in forecasts. "David Solomon and Goldman Sachs refuse to recognize that they made a poor forecast," he wrote.

Trump also expressed the opinion that Solomon should focus on his musical endeavors rather than managing a large financial institution.

Recent research by Goldman Sachs, conducted by economists led by Jan Hatzius, indicated that American consumers have already absorbed a 22% increase in tariff-related expenses, and this figure could rise to 67% if tariffs remain at the same level.

It is worth noting that Goldman Sachs declined to comment on Trump's statements. Meanwhile, other financial institutions are also warning about the potential negative impact of tariffs on the economy.

Since the beginning of the trade wars, which Trump started on February 1, over 333 companies worldwide have reacted to tariffs, resulting in total financial losses estimated at $13.6-15.2 billion.

Tags: USA/Politics/Economy