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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump tells Goldman Sachs CEO David Solomon to replace bank's economist over tariff predictions
President Donald Trump on Tuesday said Goldman Sachs CEO David Solomon should either replace the bank's economist or "just focus on being a DJ," days after Goldman's chief economist warned that American consumers will pay for an increasing share of new tariffs.
Trump's broadside against Solomon who moonlights as a DJ came as the president touted what he called "massive" revenue being collected by the federal government due to his tariff policies.
"Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury's coffers," Trump wrote in a Truth Social post.
Tariff revenue has surged in recent months, rising to nearly $28 billion in July alone, according to the Treasury Department. Inflation, meanwhile, has continued to increase, though the latest data showed consumer prices have accelerated slightly less than expected.
https://www.msn.com/en-us/money/markets/trump-tells-goldman-sachs-ceo-david-solomon-to-replace-bank-s-economist-over-tariff-predictions/ar-AA1KoXj7
eppur_se_muova
(41,063 posts)I mean, that's why he beat Hillary and Kamala, amirite ?
SheltieLover
(77,004 posts)Ocelot II
(129,311 posts)What do they call it when the government controls the means of production and distribution? Its right on the tip of my tongue