How Goldman Foresees Trump's Tariff Plan Affecting US Growth
Monday, 8 April 2024, 02:29
Goldman Sachs Warning on US Economic Growth
Goldman Sachs analysts have cautioned that President Trump's new China tariff plan could significantly slow down the growth of the US economy. The proposed tariffs are anticipated to have broad implications across multiple sectors and may dampen consumer confidence and business investments.
Key Points:
- Impact on Sectors: The tariffs could affect industries reliant on imports from China, potentially leading to higher costs and disrupted supply chains.
- Consumer Impact: Consumers may bear the brunt through increased prices on a variety of goods, impacting spending habits and inflation rates.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.