Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession
“Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election. ‘We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,’ the bank said in a note sent to clients.”
USAGOLD note: We referenced this Goldman Sachs’ advisory in this morning’s DMR. A lot of water will run under the bridge between now and the November 2020 election.