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G Sachs Chief Economist Expects Trump to Slap ~20% Extra Tariffs on Most CN Goods on Avg. Only
Even though U.S. President-elect Donald Trump has threatened to raise tariffs on all Chinese goods by 60%, Trump is expected to raise tariffs on the vast majority of Chinese goods ...
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G Sachs Chief Economist Expects Trump to Slap ~20% Extra Tariffs on Most CN Goods on Avg. Only
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Even though U.S. President-elect Donald Trump has threatened to raise tariffs on all Chinese goods by 60%, Trump is expected to raise tariffs on the vast majority of Chinese goods by an average of about 20%, commented Goldman Sachs chief economist Jan Hatzius at an event at the Atlantic Council, a U.S. think tank.

Hatzius added that a small number of capital goods, such as solar panels, steel and aluminum, may be subject to a 60% tariff hike.

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China has a number of options to respond if the US-China trade conflict escalates, he noted.

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