Goldman Sachs Warns US Consumers to Bear Brunt of Tariffs Amid BRICS Escalation
Goldman Sachs research reveals a seismic shift in trade war cost distribution, with US consumers poised to absorb 67% of tariff burdens—triple the current 22% share. Businesses currently shoulder 64% of expenses but are projected to pass on the majority through price hikes. The effective US tariff rate has jumped to 13%, with economists forecasting a further rise to 17%.
"Companies most exposed to tariffs are implementing significant price increases," notes David Kostin, Goldman's chief US equity strategist. The analysis comes as BRICS nations face steep 50% tariff spikes, intensifying global trade tensions. No direct cryptocurrency implications were identified in the report, though macro-economic pressures may indirectly affect digital asset markets.
