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.

  • frog_meister@lemmings.worldBanned from community
    38·
    13 days ago

    Are you nuts? Writing representatives is one of the most useless things you can possibly do.

    • freddydunningkruger@lemmy.world
      24·
      13 days ago

      Thanks for answering the real question as to why the Left is so politically ineffective. You are either too lazy or too defeatist to bother making your voice heard. Oh, except in these message boards where you cry about how nobody enacts the policies you want, when you dont even bother showing your representatives you support them.

      Good luck in life.