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Goldman Sachs: The impact of the U.S. tariff drop on China is limited.
ChainCatcher news, “The Federal Reserve (FED)” Nick Timiraos retweeted Goldman Sachs’ viewpoint on social media, stating that the significant drop in tariff rates on China has limited impact on the overall effective tariff rate in the United States, expecting it to lead to a drop of less than 2 percentage points in the current effective tariff rate. Despite this drop, the overall tariff level in the U.S. will still be significantly higher than the market’s expectations at the beginning of the year, and its coverage will be broader.