Donald Trump’s recent victory is likely to see looming tariffs on China — but it may not be the only country subject to tariffs, according to Goldman…
Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs.
"With Trump and some likely appointees focused on reducing bilateral deficits, there is a risk that — in a sort of"whack-a-mole" manner--burgeoning bilateral deficits could eventually prompt U.S. tariffs on other Asian economies," he said., but it isn't paid by the exporting country. So U.S. tariffs will be paid by companies looking to import products into the country, raising their costs.
Going forward, these Asian trading partners might try to lower these surpluses and"deflect attention" via various means, such as shifting imports towards the U.S. where possible, Tilton expects.
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.
Trump invokes economy, public safety and 'China virus' during Asian American rally in VegasFormer President Donald Trump is in Clark County, Nevada, to encourage early voting for Asian and Latino voters. NBC News' David Noriega reports on how the Trump campaign plans to reach key demographics.
Read more »
JPMorgan, Goldman Sachs stocks soar as Trump win signals financial deregulation, higher interest ratesJPMorgan (JPM) and Goldman Sachs (GS) both saw their stars rise in Wednesday’s premarket after Donald J.
Read more »
Goldman Sachs slashes growth forecasts for Germany, UK and wider Europe on Trump winPresident-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts.
Read more »
Goldman says buy these stocks that are set to benefit most from Trump tax cutsThese companies could grow more quickly thanks to lower corporate tax rates, according to Goldman Sachs.
Read more »
Goldman says these retailers are the most exposed to potential Trump tariffsRetailers with high China sourcing exposure are likely to be hurt the most from Trump's proposed tariffs.
Read more »
Hedge funds rotate back into North America, China flows more volatile: GoldmanHedge funds rotate back into North America, China flows more volatile: Goldman
Read more »