Home > News > Stock News > Detail
Bookmark and Share

Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC

2019-06-12 14:35    Investing

Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC Stock News

© Reuters. David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills

(Reuters) - Goldman Sachs (NYSE:GS) Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity.

A trade war is "bad for risk assets" and tariffs bring "dislocation" and "uncertainty," Solomon said, adding that he is not big a fan of the economic cost of tariffs.

"The issue is that the president is using tariffs as a broader agenda," Solomon said in the interview. "There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."

Gold

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.