Goldman Sachs say shoppers going to get slammed, tariff value rises to leap an extra 70%

Goldman Sachs have assembled what they are saying is early evaluation solely of the place tariffs are hitting pockets. Knowledge as of June 2025, so yeah, nonetheless early:

• Overseas exporters have absorbed about 14% of US tariffs,
• whereas American firms have taken on 64%
• and shoppers 22%, with protected home corporations additionally elevating costs
• and shopper prices projected to leap an extra 70% by way of the autumn.

JP Morgan say that they see indications of an impression from tariffs solely starting to indicate up:

• items costs rising
• consumption is slowing

Goldman Sachs on the slug to shoppers from tariffs. GS & JP Morgan say it will worsen.

This text was written by Aaron Cutchburt at investinglive.com.