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Goldman Sachs discusses sensitivity of the US economy to a China trade war
December 26, 2024 3:00 PM ESTIn a note to clients this week, Goldman Sachs analysts outlined the potential economic impact of heightened trade tensions between the US and China under a second Trump administration, with tariffs expected to rise by an average of 20 percentage points.
The investment bank explores the exposure of the US economy to Chinese imports and the implications for both consumers and producers.
From a consumption perspective, we estimate that import content from China accounts for 7% of the producer value of US goods consumption... More
