Goldman Sachs President David Sachon, David Suleyman, the chances of the recession of the United States, the wake of the Tariffs of Donald Trump and the growing trade warned to create “material risks” for our global growth.
Wall Street Boss, increased uncertainty about the fall of US tariffs, said to write a problem for companies and consumers and consumers and consumers.
“We enter the second quarter with a different operating environment than before this year,” he said.
“The prospects of a recession increased by increasing indicators and economic activity slowed in the world.”
Increased uncertainty Goldman had difficulty to make important work decisions of customers. “This uncertainty is afraid of the forward and potential impact of the trade war, created material risks for the United States and the global economy.”
Solomon’s warning came last week Although he looked at a temporary roll of tariffs for higher group tariffs for the countries outside China. The US president also announced some electronic products to exclude aidal tariffs to Chinese goods.
Suleyman said, “The markets of the US administration to continue to negotiate with many countries,” said, but warned markets warned “the policy will still be known.”
The bank boss, “The focus of the leadership, which focuses on the trade barriers and the US competition position,” but less … More than the United States has benefited more than the economic and financial order. “
“This does not have meaningful reform in certain areas,” Solomon said.
Goldman Sachs, the best quarter for the bank’s trade trade, because the bank has benefited from trade confusion, the best quarter reported to the return of Trump to the Oval Office.
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The Wall Street Bank, until the end of January, 27% (£ 3.2 billion), compared to the end of January, 27% of the share section recorded the section of the record. In the first quarter, 8% in the 7th quarter, up to $ 5.6 billion in the 7th quarter, increased to 8% to 8% of Trump tariffs.
However, long-term volatility and uncertainty, loans and transactions related to the tariff fall, and delay the exchange lists, Goldman Sachs can delay income for banks such as Goldman Sachs.
“So far the business is very good and customers are very active,” Solomon said. “My guess will go down in this uncertainty level over time.”
