U.S. President Trump Slams Goldman Sachs Over Inflation Warnings

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.