Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC

June 11, 2019

(Reuters) – Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump’s use of tariffs as part of a political agenda can impact market activity.

A trade war is “bad for risk assets” and tariffs bring “dislocation” and “uncertainty,” Solomon said, adding that he is not big a fan of the economic cost of tariffs.

“The issue is that the president is using tariffs as a broader agenda,” Solomon said in the interview. “There’s no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity.”

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)

Comments (No)

Leave a Reply