Has the NSS prize been awarded for the day yet? Goldman Sachs CEO says tariffs can impact markets.
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
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 …)