Goldman Sachs economists estimate that U.S. consumers will end up paying 70% of tariffs’ direct costs.

The claim that Goldman Sachs economists estimate U.S. Consumers will pay about 70% of tariffs' direct costs is supported by multiple credible sources. The core factual assertion is that a significant majority of the tariff costs imposed on imports are ultimately borne by U.S. Consumers via increased prices rather than being fully absorbed by producers or exporters. According to a Goldman Sachs analysis cited by CNN Business, economists at Goldman Sachs expect that roughly 70% of the direct cost of tariffs will be passed onto consumers through higher prices.goldmansachs.comgoldmansachs.comUS Earnings Will Start to Show the Impact of Trump's Tariffs

This figure aligns with the broader economic understanding that tariffs, which act as import taxes, tend to raise domestic prices for goods subject to those tariffs, thereby transferring much of the cost burden to consumers. Additional sources confirm Goldman Sachs' expectation that the effective tariff rate will eventually rise to about 17%, reinforcing the context in which this cost pass-through estimate applies.cnn.comcnn.comPrices are now starting to rise because of tariffs. Economists say this is just...fortune.comfortune.comWe're about to find out who's really paying for tariffs

While the exact percentage may vary depending on product categories and market conditions, the 70% figure is a well-documented estimate from a reputable financial institution's economists. There is no credible contradictory evidence disputing this estimate in the provided sources. The claim is thus accurate and reflects current expert economic analysis.