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Goldman Sachs Revises Escalation Expectations For Trade War
American investment bank Goldman Sachs has revised its expectation for the outcome of the trade war between the United States and China following the recent developments. Goldman increased its expectations for an escalation to the trade wars, predicting a 60 percent chance that the US will be placing an additional 10 percent tariff hike on Chinese imports. The bank increased its expectations from 40 percent following the implementation of President Donald Trump's threat of raising the tariff rates for $200 billion worth of Chinese goods. Apart from China, Goldman also revised its predictions for a possible tariff ... (full story)