Goldman Sachs Chief Economist: Trump Unlikely to Reinstate "Reciprocal Tariffs" on July 9

BlockBeats News, June 19, Goldman Sachs Chief Economist Jan Hatzius predicts that Trump will not resume "reciprocal tariffs" on July 9.

Hatzius hinted during an event at the conservative think tank American Enterprise Institute that the White House is more likely to extend the negotiation period with trade partners rather than strictly adhere to the July 9 deadline. Hatzius's team estimates that the overall U.S. tariff rate has already increased by about 10 percentage points this year. "We anticipate an additional 4 to 5 percentage points due to the 25% targeted tariffs in industries such as semiconductors, communication equipment, pharmaceuticals, and copper. This is the significant additional taxation we still expect to materialize," he noted. (Jin10)