PremiumWhat Happens Next In The Trade War: Goldman's Deep Dive Into Trump's Tariffs
This article is so good
it's for premium members only.
Does that sound like you?
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
After signing orders imposing new tariffs on Canada, Mexico, and China, President Trump delayed the Canada and Mexico tariffs until March 4. While a further extension is likely, Goldman thinks that the tariff risk for both countries is likely to remain until at least the conclusion of the USMCA review slated for mid-2026. Meanwhile, a 10% tariff on imports from China took effect February 4, and Goldman expects tariffs on imports from China to rise further, for a total increase of around 20%, which in the context of what we dubbed "the most important trade chart in the world"...
... is a lot, but nowhere near enough where it has to be to rearrange global trade to what Trump wants to achieve. The bank also anticipates that Trump will also slap a new tariff on auto imports from the EU.