Reported about 7 hours ago
Goldman Sachs economists warn that recent trade tariffs imposed by President Trump on imports from Canada, Mexico, and China could reduce S&P 500 earnings forecasts by 2% to 3%. The tariffs of 25% on certain imports and 10% on others are expected to create notable economic pressure, with a potential ongoing impact depending on how long these tariffs remain in effect. The firm noted that the market's reaction could vary based on perceptions of the tariffs as a temporary measure or a precursor to further trade escalation.
Source: YAHOO