Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks

Earl said:
A new poll by Harvard CAPS-Harris reveals the majority of the country backs President Donald J. Trump and his actions to bring much-needed reforms that are making America great again.


  • Americans overwhelmingly support President Trump’s agenda.
    • 81% support deporting criminal illegal immigrants.
    • 76% support a “full-scale effort to find and eliminate fraud and waste in government.”
    • 76% support closing the border with additional security and policies.
    • 69% support keeping men out of women’s sports.
    • 68% support government declaring there are only two genders.
    • 65% support ending race-based hiring in government.
    • 63% support “freezing and re-evaluating all foreign aid expenditures and the department that handled them.”
    • 61% support reciprocal tariffs.
    • 60% support direct U.S. negotiations with Russia to end the war in Ukraine.
    • 59% support cutting government spending already approved by Congress.
    • 57% support ending the ban on new offshore drilling.
  • Most Americans approve of President Trump’s job performance — including pluralities of men, women, independents, and Americans who live in urban, suburban, and rural areas — while almost six-in-ten say he’s doing a better job than President Biden.
  • Almost half of Americans believe the U.S. economy is “strong” under President Trump — the highest number since 2021 — while a plurality say his policies will make them “financially better off.”
  • Americans are significantly more optimistic about the direction of the country, with those who say we’re on the right track up 14 points over last month.
  • Americans strongly support President Trump’s effort to root out waste, fraud, and abuse in government.
    • 77% support a “full examination of all government expenditures.”
    • 72% agree there should be a government agency “focused on efficiency.”
    • 70% say government is “filled with waste, fraud, and inefficiency.”
    • Two-thirds say Congress should join the “effort to reduce government expenditures.”
  • Americans back President Trump’s action to protect American workers.
    • 61% support reciprocal tariffs.
    • 57% say tariffs are an “effective foreign and economic policy tool.”
    • 54% say tariffs will help get “concessions from other countries.”
  • President Trump, Vice President JD Vance, Secretary of Health and Human Services Robert F. Kennedy, Jr., Director of National Intelligence Tulsi Gabbard, and Attorney General Pam Bondi all enjoy net positive favorability.
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Why did you neglect to cite that your post came from a Trump White House webpage, and why did you neglect to mention this is an old poll from February?

www.whitehouse.gov

New Poll Shows Massive Support for President Trump and His Agenda

A new poll by Harvard CAPS-Harris reveals the majority of the country backs President Donald J. Trump and his actions to bring much-needed reforms that
www.whitehouse.gov
 
Cypress said:

Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks​

Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.

In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”

The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.



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The likelihood of a recession is now over 50% after Trump's announced tariffs.
 
Dutch Uncle said:
Consider it a learning lesson for democracy. :)
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If the AI revolution is like the industrial revolution, then some countries will pull out way ahead of other countries. If trump is holding us back at that crucial moment in history, we will become a third world shit hole compared to the countries that pull ahead.

Or maybe not. We will have to wait and see.
 
Walt said:
If the AI revolution is like the industrial revolution, then some countries will pull out way ahead of other countries. If trump is holding us back at that crucial moment in history, we will become a third world shit hole compared to the countries that pull ahead.

Or maybe not. We will have to wait and see.
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Exactly what Democrats and you Russians want, for some reason, never mind it will cost yourselves more. It's all about jealousy and revenge for left wingers and assorted deviants and black and brown racists.
 
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