- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Goldman Sachs: Expects Trump Administration's Base Tariff Rate to Increase to 15%
BlockBeats News, July 23rd, Goldman Sachs Chief US Economist David Mericle expects that the US base "parity" tariff rate will be increased from 10% to 15%, with copper and key mineral tariffs reaching 50%—this move could exacerbate inflationary pressures and dampen economic growth. To reflect the new tariff assumptions and incorporate the "preliminary view" of the impact of import tariffs, Goldman Sachs has simultaneously adjusted its forecasts for US inflation and GDP growth. Goldman Sachs has lowered its 2025 core inflation forecast from 3.4% to 3.3%, raised its 2026 forecast from 2.6% to 2.7%, and raised its 2027 forecast from 2.0% to 2.4%.
Mericle stated that the tariffs are expected to cumulatively push up core prices by 1.7% over 2-3 years. He added that the tariffs will reduce this year's GDP growth rate by 1 percentage point, by 0.4 percentage point in 2026, and by 0.3 percentage point in 2027. Consequently, Goldman Sachs has downgraded its 2025 GDP growth forecast to 1%. (Jinshi)
You may also like
$250 Billion, 6723 Rounds of Funding: Where Did Crypto VCs Invest in 2025?
Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong
Ranger Fund Takes a New Approach to Public Offering: Can a Grassroots Team Earn Market Trust?
Wyoming Stablecoin FRNT Goes Live on Solana, Polycule Bot Hacked, What's the Overseas Crypto Community Talking About Today?
Visa Crypto Lead: Eight Key Evolutions of Crypto and AI by 2026
Key Market Information Discrepancy on January 8th - A Must-See! | Alpha Morning Report
CoinDesk 20 Performance Update: Uniswap (UNI) Dips 1.5% as Index Experiences Downturn
Key Takeaways Uniswap (UNI) experienced a notable drop of 1.5% as the CoinDesk 20 Index saw a decline.…
Rumble Launches Crypto Wallet in Collaboration with Tether, Boosting Share Value
Key Takeaways: Rumble’s latest innovation integrates cryptocurrency tipping for content creators directly within its platform. Built in partnership…
Babylon Labs Secures $15 Million from a16z Crypto to Enhance Bitcoin Collateral Framework
Key Takeaways Babylon Labs has successfully raised $15 million from a16z crypto to further develop and expand its…
Filecoin Dips Amidst Market Retreat
Key Takeaways Filecoin’s price decreased 3.6% in the last 24 hours, reflecting broader crypto market trends. The CoinDesk…
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
Ripple reaffirms its decision to remain private, supported by a robust balance sheet
Key Takeaways Ripple has decided against pursuing an IPO, thanks to ample internal resources and a strong balance…
Crypto Markets Today: Bitcoin Slides as Asia-Led Sell-Off Hits Altcoins
Key Takeaways: Bitcoin could not surpass the $94,500 mark and fell to roughly $91,530, contributing to a wider…
Start-of-the-Year Crypto Rally Stalls: What’s Next?
Key Takeaways The initial crypto market boost at the start of 2026 has lost momentum, primarily due to…
Strategy’s STRC Preferred Stock Rebounds to $100: Potential Catalyst for Bitcoin Purchases
Key Takeaways STRC, the perpetual preferred equity of Strategy, returns to $100, the first time since November. This…
Nike Sells its NFT and Virtual Sneakers Amid Waning Interest in Digital Art
Key Takeaways Nike has discreetly sold its NFT and virtual sneakers subsidiary, RTFKT, as interest in digital collectibles…
Barclays Invests in Stablecoin Settlement Firm as Tokenized Infrastructure Expands
Key Takeaways Barclays has invested in Ubyx, a U.S.-based startup focused on developing clearing systems for tokenized forms…
Karatage Welcomes Shane O’Callaghan as Senior Partner in Strategic Move
Key Takeaways Karatage, a London-based hedge fund, appoints Shane O’Callaghan as a senior partner to enhance its institutional…
App