Goldman Sachs: Do Not Trust Trump's Mild Tariff Image, Tariffs Could Be Much Higher Than Expected

BlockBeats News, March 25th: Goldman Sachs economists pointed out that recent media reports indicate that the Trump administration is leaning towards a more lenient stance on the tariff issue. However, they wrote, do not be deceived by this appearance: this attitude is likely to bring a negative unexpected impact to the market.

Goldman Sachs noted that the Trump administration has always viewed tariffs as a negotiating tool and is likely hoping to start negotiations with a strong stance. A recent survey by Goldman Sachs showed that market participants believe that the upcoming retaliatory tariff rate in April will reach 9%.

Goldman Sachs itself expects that the initial tariff rate may be twice this expected rate, which means that the market may face a negative surprise next week. (FXStreet)