Goldman Sachs economists recently conducted a deep dive into the outcome of the impending US presidential election, with a special focus on how the results would affect the economy, particularly inflation rates. The analysis indicates that if the Republican candidate, Trump, were to win, it might lead to a slowdown in US economic growth. Goldman Sachs forecasts that Trump could impose higher tariffs on China, the EU, and Mexico, which would directly push up inflation in the US. Based on economist estimations, these tariff measures could cause a peak impact of about 30 to 40 basis points on price indicators that the Federal Reserve is concerned about. On the other hand, if the Democratic candidate, Harris, were to successfully take office, it is expected that she would not escalate tariffs further, thus reducing the driving force behind inflation. However, if the Republican candidate proposes additional universal tariffs of 10%, this could potentially lead to greater inflationary pressures, although such an effect might manifest over a longer period of time. Overall, Goldman Sachs' analysis emphasizes the significance of the election result in macroeconomic terms, especially concerning tariff policies and inflation expectations.