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Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
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. While the U.S. bilateral trade deficit with China has decreased somewhat since the Trump administration, deficits with other Asian exporters have risen significantly and may come under increased scrutiny, Goldman’s Chief Asia-Pacific Economist Andrew Tilton said in a recent note. “With Trump and some likely appointees focused on reducing bilateral deficits, there is a risk that — in a sort of “whack-a-mole” ... (full story)
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- Posted: Nov 11, 2024 4:08am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,755
