Goldman Sachs Economists Say Fears Rise That U.S.-China Trade War Leading to Recession
By gvwebguy
Published 5 years ago on
August 12, 2019
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Reuters
Reuters
(Reuters) – Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election.
“We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients.
“We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients.
By Kanishka Singh | 11 Aug 2019
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