President Trump Criticizes Goldman Sachs CEO David Solomon
U.S. President Trump defended tariffs, insisting they have brought “trillions of dollars” into the country without causing inflation. In a lengthy post on his Truth Social account, also delivered a sharp rebuke to Goldman Sachs and its CEO, David Solomon, accusing them of making inaccurate predictions and refusing to acknowledge the benefits of his trade policies.
Source: X
President Trump: “Massive Amounts of Cash” From Tariffs
He wrote that tariffs on imported goods have been “incredible” for the U.S. economy , boosting the stock market, national wealth, and nearly every sector. According to him, fears that it would lead to rising prices have proven unfounded.
“It has been proven that even at this late stage and have not caused Inflation or any other problems for America,” claimed. Instead, he said, they have resulted in “massive amounts of CASH pouring into our Treasury’s coffers.”
Who bears the cost?
Addressing the question of who bears the cost, He argued that consumers are largely unaffected. he claimed that it is mostly companies and foreign governments, not everyday Americans, who are footing the bill.
“Consumers aren’t even paying these Tariffs,” he wrote. “It is mostly Companies and Governments, many of them Foreign, picking up the tab.”
President Trump Direct Attack on Goldman Sachs
The post quickly turned personal as He criticized Goldman Sachs and its leadership. He accused CEO David Solomon of failing to give him credit for the economic impact of tariffs and for making incorrect predictions about their consequences.
“They made a bad prediction a long time ago on both the Market repercussions and the tax returns themselves, and they were wrong,”. He compared Goldman Sachs’ position on tariffs to other issues where, in his view, the firm had been misguided.
President Trump A Personal Jab at David Solomon
In an unusually sharp remark, He mocked Solomon’s well-known side hobby as a DJ, suggesting he should step away from leading the investment bank.
“I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,” He wrote.
President Trump: Political and Market Implications
His comments come at a time when Taxes remain a major point of political and economic debate. His defense of the policy signals that it will likely remain a central theme if he continues to shape Republican economic strategy.
While President portrays Tax as a financial win with no negative side effects, critics, including economists at major banks like Goldman Sachs, have historically warned that such policies could lead to higher prices and slower economic growth. His latest post indicates he sees those warnings as both wrong and politically motivated.
Also read: Why Is $SOL Up Today? Solana Price Surge Near $190, What’s Ahead?免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。