Goldman Sachs Predicts Impact Of Tariffs On U.S. Consumer Prices

According to BlockBeats, Goldman Sachs economists have projected that U.S. President Donald Trump's imposition of a 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Canadian energy, could lead to a 0.6% increase in the core consumer prices in the United States. In a report sent to clients on Monday evening, the economists noted the possibility of a last-minute suspension of these tariffs. They suggested that a strategic move could involve delaying the deadline to April 2 to align with other planned tariff announcements. While the tariffs, if implemented, are not expected to become a permanent feature of U.S. trade policy, the duration of their impact remains uncertain. In January, the core consumer price index in the U.S., excluding food and energy, rose by 3.3% year-on-year, while the Federal Reserve's preferred PCE index increased by 2.6% over the same period.