U.S. consumers to shoulder 55% of tariffs
Los Angeles Times
|October 18, 2025
Goldman Sachs says Americans will see increased costs by the end of the year.
SHIPPING CONTAINERS are stacked up in Houston. The White House says foreign firms pay the tariffs.
(RONALDO SCHEMIDT AFP via Getty Images)
Americans are set to pay more than half of President Trump's tariff costs as companies raise prices, according to economists of Goldman Sachs Group.
U.S. consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded, they wrote.
This story is from the October 18, 2025 edition of Los Angeles Times.
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