Trump’s big beautiful bill won’t offset the drag caused by tariffs – Goldman Sachs

1 month ago 2
Stock market trading graph american dollar is damage.Effect of recession US economy. Crisis in USA, rising inflation, devaluation of dollars and the economy.

Galeanu Mihai

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Alec Phillips, chief political economist for Goldman, in an economic research note.

The House Budget Reconciliation Bill is expected to reduce

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