Aug 13 (Reuters) – An economist from Goldman Sachs said Wednesday that there are no plans to change the work form of his team after Donald Trump He lashed out at the firm and its executive president for an estimate that consumers of the United States would support the worst part of the tariff costs.
The defense of the head economist of the United States, David Mericle, from his team’s work occurred one day after Trump said in a publication on social networks that the Goldman CEO, David Solomon, “should not bother to direct a large financial institution” and lash out at the bank’s economic research.
The report attacked by Trump, published on August 10, estimated that US consumers have endured less than a quarter of the cost of tariffs so far, but that this proportion would increase to two thirds if the taxes are applied in the same way as before.
Trump, on the contrary, insists that foreign companies and governments are absorbing the cost of tariffs that are now on average, the highest in almost a century, and that US households come out unscathed.
He attacked Goldman and his economists for “a bad prediction.”
When consulted in an interview at the CNBC about whether Trump’s attack had had an intimidated effect on his team’s work, Mericle said: “We are trying to make the best prognosis we can for our customers, and we publish research reports such as the one we publish the weekend to inform those views.”
“And we will continue to do it.”
(Dan Burns report; edited in Spanish by Juana Casas)
date: 2025-08-13 22:01:00