The Hill: “A new Goldman Sachs analysis [paywall] says American consumers will shoulder 55 percent of the costs from President Trump’s tariffs this year. American businesses and foreign exporters will take on 22 percent and 18 percent of the costs, respectively, while 5 percent of the costs will be evaded. Goldman Sachs economists added in the report, published Sunday, that American firms will pass on their costs to consumers over the next few months.  “At the moment, however, U.S. businesses are likely bearing a larger share of the costs because some tariffs have just gone into effect and it takes time to raise prices on consumers and negotiate lower import prices with foreign suppliers,” it said. The Trump administration has imposed tariffs on trading partners around the world, impacting an assortment of products. While the president has claimed that foreign countries will pay the costs from the levies, the Bureau of Labor Statistics said last month that consumer prices in August were up 2.9 percent relative to August 2024. During an interview with NBC News last month, Treasury Secretary Scott Bessent denied that tariffs are, effectively, a tax on American consumers…”