Goldman Sachs has sounded the alarm: President Trump’s sweeping tariffs will deliver a "growth shock" to the US economy, forcing the Federal Reserve to slash rates more aggressively than anticipated. "This is going to be a direct hit to US consumers," warned Goldman’s Ashish Shah, as the bank predicts retaliatory measures will amplify the damage worldwide.The backlash is already erupting globally: - EU’s Ursula von der Leyen called the tariffs a "major blow to the world economy" that could "spiral into protectionism.” - China vowed "firm countermeasures" to defend its interests. - Japan warned of "significant disruptions" to global trade rules.
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