3 Ways A Trade War With China Could Hit Us Profits, According To Goldman Sachs

US President-elect Donald Trump, Chinese leader Xi JinpingChip Somodevilla/Getty Images, Buda Mendes/Getty ImagesGoldman Sachs expects a 90% chance that Donald Trump implements pledged tariffs on China.This could hit output and profits among US producers.Industries will be exposed to increased costs and retaliatory measures from Beijing.Economists are holding their breath to see how Donald Trump's protectionist trade plans will play out against China.The incoming US president has pledged to impose a 60% tariff rate on Chinese products and has recently raised the odds by promising an additional 10% tariff.Goldman Sachs is near-certain that Trump will be true to his word.

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    12/26/2024 - 11:00 am | View Link
  • 3 ways a trade war with China could hit US profits, according to Goldman Sachs
    Goldman Sachs expects a 90% chance that Donald Trump implements pledged tariffs on China. This could hit output and profits among US producers. Industries will be exposed to increased costs and ...
    12/26/2024 - 11:00 am | View Link
  • 3 ways a trade war with China could hit US profits, according to Goldman Sachs
    Economists are holding their breath to see how Donald Trump's protectionist trade plans will play out against China. The incoming US president has pledged to impose a 60% tariff rate on Chinese ...
    12/26/2024 - 3:54 am | View Link
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