Why US consumers will pay for over half of Trump tariffs this year: Goldman Sachs estimate

A recent analysis by Goldman Sachs reveals that American consumers are bearing the brunt of President Trump's tariffs, shouldering 55% of the costs this year. This situation is concerning as it highlights the financial strain on everyday Americans, while businesses and foreign exporters take on significantly less of the burden. Understanding the impact of these tariffs is crucial, as it affects consumer prices and the overall economy.

A recent report from Goldman Sachs reveals that U.S. consumers are absorbing over half of the costs associated with tariffs imposed by President Donald Trump. This situation highlights the financial burden placed on everyday Americans as they face rising prices on imported goods. Understanding the impact of these tariffs is crucial, as it affects consumer spending and overall economic health.

The documentary 'My Father, The BTK Killer' on Netflix offers a unique perspective as it features interviews with the daughter of a notorious serial murderer. This film is significant as it sheds light on the impact of such heinous crimes on families and communities, revealing the hidden struggles and complexities faced by those left behind. It invites viewers to reflect on the duality of a loved one being both a family member and a criminal, making it a compelling watch for true crime enthusiasts.

Thrill-seeking surfers are making their way to New York City to ride the impressive 10-foot waves generated by a recent nor’easter. Many are finding the experience exhilarating, with one surfer expressing that the conditions have exceeded their expectations. This surge in surfing activity not only highlights the excitement of extreme sports but also brings attention to the unique coastal conditions that can attract adventure seekers to urban areas.

Meghan Markle and Prince Harry enjoyed a date night at the exclusive Chez Margaux in New York City, a venue also favored by Taylor Swift. This outing highlights their continued presence in the public eye and their ability to enjoy personal moments despite the media scrutiny. It’s a reminder that even high-profile figures seek normalcy and connection in their lives.

IDF leaders, including Res. Brigadier General Danny Van Buren, have emphasized the ongoing threat posed by Hamas tunnels in Gaza, describing their destruction as crucial for the demilitarization of the region. This situation is significant as it highlights the complexities of security in the area and the challenges faced by Israel in ensuring safety while addressing the infrastructure used by militant groups.

House Minority Leader Hakeem Jeffries has revealed that President Donald Trump has not allowed House Speaker Mike Johnson and other Republicans to negotiate regarding the ongoing government shutdown, which has now entered its 13th day. This situation highlights the significant influence Trump still holds over the Republican Party and raises concerns about the potential for a resolution to the shutdown, affecting millions of Americans relying on government services.

Andrea Bocelli, the beloved tenor, has announced his 2026 'Romanza Anniversary Tour,' exciting fans around the world. This tour celebrates his iconic album 'Romanza' and promises to deliver unforgettable performances. It's a great opportunity for fans to experience his powerful voice live, making it a significant event in the music calendar.