CNBC reported on September 24 that Goldman Sachs said that as the United States and China begin to impose a new round of tariffs, the possibility that the United States will eventually impose tariffs on all goods imported from China has greatly increased. A latest analysis report released by Goldman Sachs pointed out that after Trump issued the threat of further imposing a new round of tariffs, the possibility of the United States imposing tariffs on all imported goods from China has increased to 60%.
The report pointed out that at the same time, the process of reaching some kind of reconciliation between the United States and other trading partners such as the European Union, Mexico, and Canada is progressing steadily. It is expected that a new North American Free Trade Agreement (NAFTA) may be reached in November this year, and the EU’s Trade tensions will also be eased. The report said that in the long term, trade barriers will lead to reduced productivity because the countries involved will be forced to produce products for which they do not have a comparative advantage. Experts point out that as the United States continues to insist on escalating trade barriers and tariffs, trade tensions have greatly increased the likelihood that American businesses and consumers will be greatly affected in the short term, and the above-mentioned groups are the ones the U.S. government seeks to protect in the long term. object. (Title: Goldman Sachs says the U.S. is more likely to impose tariffs on all goods imported from China)
