Goldman Sachs predicts a monetary policy that reduces China to combat President Trump’s tariff: Report
According to the Goldman Sachs, the Chinese government will implement the financial mitigation to confront the attack of US President Donald Trump from the new definitions.
In a new analysis, the investment banking giant expected Trump policies to reduce the growth of Chinese GDP by at least 0.7 points in 2025, according to a report from Reuters.
Goldman says,
“Before the definitions, growth was tracking above our expectations, and we were thinking about an upward review of the 2025 GDP …
Based on the advanced situation, there is a large space for modification in monetary policy tools such as reserve requirements and interest rates, which can be provided at any time. “
Last week, Trump issued an executive order that slapped a 10 % tariff on all imported goods entering the United States. His order also detailed duties for the country, which led to a 54 % cumulative tariff for Chinese imports.
China responded with revenge definitions. On Monday, Trump threatening More height is a duty in response.
“… If China does not withdraw an increase of 34 % higher than its long -term commercial violations by tomorrow, April 8, 2025, the United States will impose an additional tariff on China by 50 %, as of April 9. In addition, all conversations with China will be terminated regarding its required meetings with us! “
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