CoinWorld news, on July 23, Goldman Sachs' chief economist for the United States, David Mericle, expected that the basic 'reciprocal' tariff rate in the U.S. will increase from 10% to 15%, with tariffs on copper and key minerals reaching 50%—this move could increase inflationary pressures and suppress economic growth. To reflect the new tariff assumptions and incorporate 'preliminary observations' on the impact of import tariffs, Goldman Sachs also adjusted its forecasts for U.S. inflation and GDP growth. Goldman Sachs lowered its core inflation forecast for 2025 from 3.4% to 3.3%, raised its 2026 forecast from 2.6% to 2.7%, and raised its 2027 forecast from 2.0% to 2.4%. Mericle stated that tariffs are expected to cumulatively push core prices up by 1.7% within 2-3 years. He also added that tariffs will reduce GDP growth by 1 percentage point this year, by 0.4 percentage points in 2026, and by 0.3 percentage points in 2027. As a result, Goldman Sachs lowered its GDP growth forecast for 2025 to 1.0%.