From earlier in the week:
Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-livedGoldman Sachs says the medium term risks to oil prices is skewed to the downsideOn China - “large tariffs pose downside risk to our S&P 500 earnings estimates and return expectations.”
firms absorbing higher input costs resulting from tariffs would squeeze margins and hit profitsif firms pass the higher costs on to their customers sales might sufferevery 5% increase in the US tariff rate would lessen the S&P 500 earnings per share by about 1% to 2%if planned tariffs become reality GS will reduce its S&P 500 earnings-per-share forecasts by roughly 2% to 3% ... “not taking into account any additional impact from major financial conditions tightening or a larger-than-expected effect of policy uncertainty on corporate or consumer behavior”"China retaliatory measures to have only limited impact on energy prices" This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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