President Donald Trump called for Goldman Sachs CEO David Solomon to replace its chief economist after a prediction that consumers would pay the brunt of the cost for tariffs.

"David Solomon and Goldman Sachs refuse to give credit where credit is due," Trump wrote. "They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else."

President Trump took issue with the Goldman Sachs research team, which initially forecast that stocks would decline this year and the US economy would enter a recession in the wake of Trump's April tariff announcements.