A new analysis finds that U.S. consumers have absorbed only a small portion of the tariffs imposed by the Trump administration — but Goldman Sachs expects that to change in the months ahead.

Donald Trump on Tuesday praised the impact of tariffs on the country’s economy, calling the trillions of dollars collected “incredible” for the nation’s wealth, stock market, and overall financial health.

US companies have so far absorbed most of the costs of Donald Trump’s tariffs, but the burden is increasingly going to shift to consumers, according to research by Goldman Sachs.