President Trump took aim at a Wall Street behemoth on Tuesday, launching a highly personal attack against Goldman Sachs CEO David Solomon and the firm’s chief economist, Jan Hatzius, in the latest chapter of his ongoing dispute with mainstream business leaders over the impact of tariffs on the American economy. “I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,” Trump wrote on social media. The dig referred to Solomon’s side project as a disc jockey producing electronic dance music and performing at clubs and music festivals under the name “DJ D-Sol.”
Trump’s rebuke—delivered through a pointed post on his Truth Social platform—came in response to a research note published by Hatzius on Sunday showing U.S. consumers are bearing a significant share of the costs stemming from tariffs imposed during Trump’s trade battles. “Our estimates imply that U.S. consumers had absorbed 22% of tariff costs through June but that their share will likely rise to 67% by October if the later tariffs have the same impact over time as the earliest tariffs,” the team led by Hatzius wrote.
