Goldman Sachs: Trump's tariffs are 'draconian' and will raise prices

ArticleDeflationMarch 8, 2018 - 7:59:44 AM

Goldman Sachs says President Trump ought to have announced targeted tariffs instead of the "draconian" ones he proposed last week.

President Donald Trump would have been better served by targeted tariffs on steel and aluminum instead of the broad, "draconian" taxes he announced last week, Goldman Sachs said Tuesday.

Goldman's global head of commodities research explained that by failing to exempt certain trading allies, the U.S. has likely created a "two-tier" metal market...

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