Trump fumes and again insists companies pay tariffs not consumers as he bashes criticism of his plan
Trump doubles down on stance that customers will not have to pay price of tariffs
- President Donald Trump defended his global reciprocal tariffs, asserting that companies and governments, rather than consumers, are largely footing the bill.
- He criticized Goldman Sachs CEO David Solomon, accusing the firm of making incorrect predictions regarding market repercussions and the impact of tariffs.
- Trump celebrated recent inflation figures, stating they prove tariffs have not caused inflation and have instead generated significant revenue for the US Treasury.
- He also criticized Federal Reserve Chairman Jerome Powell for not lowering interest rates, blaming Steven Mnuchin for recommending Powell for the position.
- Trump suggested he might allow a major lawsuit against Powell over alleged mismanagement and excessive spending on Federal Reserve building renovations.