Goldman Sachs on Trump tariffs – “more benign than expected”, but some of it hawkish

Goldman Sachs on US politics:

• “President Trump’s Inauguration Day policy announcements on tariffs were more benign than expected”
• “For now … a lower priority than we would have expected”

GS do add though that on Canada and Mexico Trump’s words were more hawkish than anticipated.

GS conclude that the chance of US universal tariff on all imports this year has declined. Which poses less of a risk of reigniting inflation.

This article was written by Eamonn Sheridan at www.forexlive.com.