Goldman Sachs: US Daily: Raising Our Growth Forecast and Lowering Our Recession Odds in the Wake of a US-China Trade Deal
28/5 10:30
“The Trump administration announced a 90-day pause in the retaliatory tariffs imposed in April, which will leave the US and China with 2025 tariff increases of +30pp and +15pp, respectively. While we had expected a de-escalation, the rate is lower than the +54pp tariff hike we had penciled into our baseline. We expect this move […]...