Former President Donald Trump defended U.S. tariffs in a Truth Social post on Tuesday, claiming they have boosted the economy, stock market, and federal revenues without causing inflation. He criticized Goldman Sachs CEO David Solomon for past predictions on tariffs and market impacts.
- Trump said tariffs have generated "trillions of dollars" for the U.S. Treasury.
- He asserted that most tariff costs are paid by foreign companies and governments, not American consumers.
- Trump criticized David Solomon and Goldman Sachs for predicting negative economic effects from tariffs, calling those forecasts wrong.
- He suggested Solomon should replace his economist or focus on his DJ hobby instead of running the bank.
Relevant Companies
- GS - Mentioned directly by Trump in criticism over tariff-related market predictions.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
