Head of GS in a CNBC interview. I guess his intended audience are not familiar with tariff issues? 'Cause, yeah pretty obvious:
- "There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."
- trade war is "bad for risk assets"
- tariffs bring "dislocation" and "uncertainty"
Via Reuters, link.
Goldman Sachs Chief Executive David Solomon
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If you'd like to stay tuned to FprexLive you can see the impact trade war headlines have on risk assets as various headlines cross. AUD/JPY is a good barometer to watch for risk assets (looks like I'm in the running for the NSS award myself …)