NextFin news, On August 12, 2025, former U.S. President Donald Trump urged Goldman Sachs CEO David Solomon to replace the bank's chief economist, criticizing the economist's forecasts regarding the impact of U.S. tariffs. The call was made publicly in the United States.
Trump expressed dissatisfaction with the economist's predictions, which he described as "unflattering" and inaccurate concerning the effects of tariffs imposed by the U.S. government. He suggested that if Goldman Sachs did not replace the economist, the CEO should "just focus on being a DJ," a reference to Solomon's known hobby.
The dispute centers on Goldman Sachs' economic outlook on tariffs, which Trump has repeatedly defended as beneficial to the U.S. economy. The former president's comments were reported by CNBC on August 12, 2025, and further covered by Mitrade and PYMNTS.com on August 13, 2025.
David Solomon, CEO of Goldman Sachs, has not publicly responded to Trump's remarks as of the latest reports. The chief economist in question has not been named in the public statements.
This development highlights ongoing tensions between Trump and financial institutions over economic policy assessments, particularly regarding trade and tariffs.
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