Goldman Sachs: Imposing a 25% tariff on Canada and Mexico will raise US inflation by 0.6%

BlockBeats news, on March 4th, Goldman Sachs economists predicted that Trump’s imposition of a 25% tariff on imported goods from Canada and Mexico, and a 10% tariff on energy from Canada, would cause the core consumer prices in the United States to rise by 0.6%. ‘We do not rule out the possibility of suspending the tariffs at the last minute,’ they wrote in a report to clients on Monday night. ‘This time, an obvious strategy is to extend the deadline to April 2nd to align with other tariff announcements. If the tariffs take effect, we believe they are unlikely to become a permanent feature of US trade policy, although the duration of their impact remains uncertain.’ In January, the core consumer price index, excluding food and energy, rose by 3.3% year-on-year, and the Fed’s preferred PCE index rose by 2.6% year-on-year. (FX168)