Stockpiling ahead of tariffs likely hurt US economy in the first quarter [Yahoo! Finance Canada]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance Canada
The Commerce Department's advance gross domestic product (GDP) report on Wednesday would, however, grossly exaggerate the economy's dimming prospects. Coinciding with Trump's 100 days in office, it will reinforce Americans' growing disapproval of his handling of the economy thus far. Trump swept to victory last November on voter angst over the economy, especially inflation. Consumer confidence is near five-year lows and business sentiment has tanked, while airlines have pulled their 2025 financial forecasts, citing uncertainty over spending on nonessential travel because of tariffs, which economists have warned will raise costs for companies and households. "The trade shock now looms large, overshadowing everything else that the White House has attempted to accomplish," said Joe Brusuelas, chief economist at RSM US. "The fact that we've gone from trade shock to financial shock to a possible recession in less than 100 days ought to give pause to those who want to continue down thi
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- 10/14/25 - Beat
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Sec Filings
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- GS's page on the SEC website