Not India, the American public will cause havoc on Donald Trump's tariff, Goldman Sachs reported a major disclosure

President Donald Trump has begun rates on several countries. It also includes India. Since August 8 he has placed 25 percent rates on India. He also imposed an additional 25 percent rate on India. That is, a total of 50 percent rates have been imposed on India. Between this tariff war, a report from Goldman Sachs was unveiled in which he claimed to affect Americans. According to the report, the fear associated with the rates of US consumers may soon be true, as matters will put more part of the tariff prices directly to buyers. Core Personal Index for Consumer Expenses – which measures the inflation rate in the prices of goods and services, except for food and energy for US consumers – 2.8% in June. CPI will increase Goldman analysts in the report that the CPI will increase to 3.2%in December from year to year. He further stated that the inflation rate would have been 2.4%at the removal of extra costs from rates. Analysts say that the tariff has so far increased the index by 0.2% and is expected to rise by 0.16% in July and the remaining part of 2025. So many people in the US will be affected. According to an analysis that Goldman Sachs shared with Bloomberg, about 22% of tariff costs were placed on consumers by June. However, the company said that if the rates continued as previous years, this number would rise to 67%. The most important individual consumer expenses index – which measures the inflation rate in the prices of goods and services except food and energy for US consumers – is at 2.8%in June. Goldman’s analysts said in the report that CPE will increase from year to 3.2% in December. He further stated that the inflation rate would have been 2.4%to remove extra costs from rates. Analysts say the tariff has so far increased the index by 0.2%, and in July it is expected to rise by 0.16%and the remaining part of 2025 by 0.5%. There was an increase in inflation at a time when Federal Reserve President Geom Powell repeatedly demanded the demand to lower the interest rates of President Donald Trump. In the president’s most recent move against Powell, he appointed one of his critics to an important position in the central bank. Changes in interest rate The Federal Reserve voted five times this year to keep interest rates at the same level of 4.25% to 4.5%. Powell said Fed officials would better assess the impact of rates on the economy before lowering interest rates. These decisions have made Trump angry, arguing that Fed is stopping economic development. Share this story -tags