Trump Mocks Goldman CEO, Says Bank Made Bad Call on Tariffs (3)

Aug. 12, 2025, 9:56 PM UTC

President Donald Trump assailed Goldman Sachs Group Inc. Chief Executive OfficerDavid Solomon, saying the bank made a “bad prediction” about the impact of Trump’s sweeping tariff agenda on markets and consumer costs.

“David Solomon and Goldman Sachs refuse to give credit where credit is due,” the president said on his social-media platform Tuesday. “They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else.”

Michael Dell, President Donald Trump and David Solomon during an Invest America round table in Washington on June 9.
Photographer: Yuri Gripas/Abaca/Bloomberg

Trump didn’t specify why he was upset with the bank, but his remarks ...

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