Trump Criticizes Goldman Sachs CEO Over Tariff Forecasts, Dismisses Economic Concerns
Trump Criticizes Goldman Sachs CEO Over Tariff Forecasts, Dismisses Economic Concerns

Trump Criticizes Goldman Sachs CEO Over Tariff Forecasts, Dismisses Economic Concerns

News summary

President Trump sharply criticized Goldman Sachs CEO David Solomon over the firm's negative forecasts on the impact of his aggressive tariff policies, accusing Solomon and his economists of making inaccurate predictions about the stock market and tariffs. Trump claimed that his tariffs have generated trillions of dollars in revenue without causing inflation or burdening American consumers, asserting that foreign governments and companies are primarily covering the costs. He further mocked Solomon by suggesting he should focus on his DJ career rather than running Goldman Sachs, referencing Solomon's past as a club DJ. Despite initial Goldman Sachs predictions of a recession and lowered stock market targets due to tariffs, the firm later revised these forecasts amid a market rally and a temporary tariff pause. Trump's remarks followed data showing mixed inflation signals, with some easing of tariff-driven price pressures, and came amid his broader critique of Federal Reserve policies. Goldman Sachs declined to comment on Trump's statements.

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Last Updated
2 days ago
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