Goldman Sachs said chances of a successful deal between the U.S. and China are now lower, but suggested that an increase in tariffs could still be avoided — depending on whether the Chinese bail on their meeting with U.S. negotiators this week.
. He also threatened to impose 25% levies on an additional $325 billion of Chinese goods "shortly."
If both sides end up meeting after all, the tariff rate would rise only if they are unable to reach an agreement by Thursday — before the hike takes effect on Friday, it added. Goldman warned that could be a sign of an extended trade war: "If the upcoming visit is canceled, an agreement in the coming week would then seem very unlikely. In such a scenario an increase in the tariff rate to 25% would become the base case."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs has a portfolio of strong and safe stocks that's also beating the marketInvestors prefer companies with strong balance sheets rather than those investing for growth, returning cash to shareholders, or paying down debt, Goldman said.
Read more »
Goldman Sachs CEO says firm reflecting on how it hired, promoted 'a criminal' in 1MDB caseGoldman Sachs chairman and CEO David Solomon said the investment bank is working hard to put the 1Malaysia Development Berhad scandal behind.
Read more »
Goldman Sachs CEO warns `evolutionary’ change in tech transformation will take longer than many thinkGoldman Sachs is plowing money into technology projects to propel the firm's next phase of growth.
Read more »
Why Goldman Sachs, a Wall Street powerhouse, is going after the massesGoldman Sachs has been a powerhouse on Wall Street for decades. Now the company is going after the regular consumer with a new digital banking product, Marcus, and a partnership with Apple.
Read more »
Goldman Sachs shareholders back directors, executive pay packagesGoldman Sachs Group Inc said on Thursday that shareholders voted to elect all of...
Read more »
There's a secretive tech fund inside Goldman Sachs transforming the bank and returning 25% a yearThe bank's Principal Strategic Investments team has grown in importance as Goldman Sachs has turned its sights on transforming itself.
Read more »
Investors love companies with huge cash piles — but Goldman Sachs has uncovered an 'unusual' strategy to profit from those racking up debtCompanies racking up more debt are outperforming those reducing their debt. Goldman explains why, and the companies benefitting form this trend.
Read more »
Apple’s growth for the next quarter will be driven by everything but the iPhone, Goldman Sachs saysApple's Q2 earnings beat estimates on revenue guidance for Q3. But that growth will be driven by 'everything but the iPhone' says Goldman Sachs.
Read more »
Warren Buffett’s Occidental Play Looks FamiliarBerkshire Hathaway’s investment in Occidental Petroleum is similar to preferred-share deals that Berkshire Chief Executive Warren Buffett has struck in the past with Goldman Sachs and GE.
Read more »
Elon Musk to investors: Self-driving will make Tesla a $500 billion companyOn an investor call hosted by Citigroup and Goldman Sachs, Elon Musk talked up Tesla's self-driving story, and dodged questions about vehicle demand and margins.
Read more »
Goldman shares rise as CEO Solomon says client activity 'more constructive' after slow startGoldman Sachs had reported subdued first-quarter results as it, along with the rest of Wall Street, posted declines in trading revenue.
Read more »