Donald Trump is taking a dig at those who oppose or criticize their mutual tariffs. Now there is no country on his target, but the CEO of New York -based Investment Bank Goldman Sachs. Describing the estimates of Goldman Sachs about the impact of American tariffs, Trump gave a strange advice to its CEO David Solomon. The US President said, “You run a DJ, not a bank.”
Trump’s advice to Goldman’s CEO
On Tuesday, the US multinational investment bank and financial services company Goldman Sachs CEO David Solomon came under target of Donald Trump. Trump denied Goldman Sachs’ estimates and predictions about the impact of American tariffs on the US economy and American markets. He claimed that all the warnings of Solomon and his company have proved wrong. Posting on his Truth social account, Trump told Solomon through Jaha that instead of running a bank, he should focus on becoming a DJ.
Why is Donald Trump angry at Solomon?
Now know what the CEO of Goldman Sachs said that the US President became so angry. Indeed, Trump’s anger came a few hours after a note released by economists of this company. It was estimated that the impact of additional tariffs has started appearing on consumer prices now. Earlier in the month of May, CEO David Solomon spoke to Bloomberg TV talking about the uncertainty of Trump’s trade strategy, saying that the policy steps taken by the US so far increased the level of uncertainty to the extent that I do not think it is good for investment and development. They are stopping investment.
Trump said- no negative effects, billions of dollars are coming
Describing the estimates of Goldman Sachs as wrong, Trump wrote a long post praising the impact of tariffs on the American economy and described the upcoming billions of dollars as incredible for the country’s property, stock market and overall financial health. He wrote, ‘Tariff burden is on companies and foreign governments rather than consumers, which challenges the general perception of who actually pays these tariffs.’ Billions of dollars are being charged as tariffs, which is incredible for our country, its stock market and almost everything.
Trump also said that in this last phase of Tariff, it has been proved that it has not caused inflation or any other problem in the US. Conversely, our treasury has a huge amount of cash. But David Solomon and Goldman Sachs refrain from giving credit for this, as their predictions about both market results and tariffs proved to be wrong.
