Trump Blasts Goldman Sachs' Tariff Prediction Error: Replace CEO David Solomon with DJ, Not Waste Time Running a Major Financial Institution

　Glorious 8th August ｜U.S. President Trump criticizes Goldman Sachs' prediction that tariffs would harm the economy, questioning whether CEO David Solomon should be leading this major investment bank.

　Trump says on social media that his tariff costs are mainly borne by foreign companies and governments, and that Goldman Sachs has made an error in predicting the market impact and tariffs themselves. He suggests that David Solomon should find a new economist; he even thinks Solomon might be better off being a DJ than wasting time running a major financial institution. Trump does not specify which research he is referring to.

　Goldman Sachs chief economist Jan Hatzius, among others, recently reported in their report that as of June, U.S. consumers have already borne 22% of tariff costs. If tariffs continue on this trajectory, this number may rise to 67%

　David Solomon has just given up DJing; he is the latest CEO to become Trump's target for ire, showing the sensitivity of businesses in dealing with tariff issues. Goldman Sachs is one of the recent major Wall Street banks under pressure, with Trump having previously criticized Morgan Stanley and U.S. Bank for discriminating against him and his supporters.