FILE PHOTO: David M. Solomon, Chairman and CEO of Goldman Sachs, speaks through the Milken Institute’s 22nd annual International Convention in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake
(Reuters) – Goldman Sachs Chief Govt David Solomon advised CNBC on Tuesday that U.S. President Donald Trump’s use of tariffs as a part of a political agenda can affect market exercise.
A commerce warfare is “dangerous for danger property” and tariffs deliver “dislocation” and “uncertainty,” Solomon stated, including that he’s not large a fan of the financial price of tariffs.
“The difficulty is that the president is utilizing tariffs as a broader agenda,”…