Goldman Sachs(US:GS) news flash·2025-07-23 05:46Core Viewpoint - Goldman Sachs anticipates that the U.S. basic "reciprocal" tariff rate will increase from 10% to 15%, with tariffs on copper and key minerals reaching 50%, potentially exacerbating inflationary pressures and suppressing economic growth [1] Economic Impact - Goldman Sachs has adjusted its forecasts for U.S. inflation and GDP growth in light of the new tariff assumptions, reflecting the impact of import tariffs [1] - The core inflation forecast for 2025 has been revised down from 3.4% to 3.3%, while the 2026 forecast has been increased from 2.6% to 2.7%, and the 2027 forecast has been raised from 2.0% to 2.4% [1] - Tariffs are expected to cumulatively raise core prices by 1.7% over the next 2-3 years [1] GDP Growth Projections - The tariffs are projected to reduce GDP growth by 1 percentage point this year, 0.4 percentage points in 2026, and 0.3 percentage points in 2027 [1] - Consequently, Goldman Sachs has lowered its GDP growth forecast for 2025 to 1% [1]