Goldman Sachs analysts indicate that President Trump’s “Fair and Reciprocal Plan” could reshape U.S. trade policies, aligning tariffs, taxes, and non-tariff barriers with those of major trading partners. The firm cites a memo suggesting that while no firm deadline has been set, the administration expects to unveil the plan between April and August. Analysts view the extended timeline as a potential signal aimed at encouraging trade negotiations.
The investment bank maintains its outlook, forecasting another 10% tariff on Chinese imports and additional duties on key sectors such as semiconductors, pharmaceuticals, and automobiles from the European Union. Although a broad reciprocal tariff policy remains unlikely, Goldman Sachs notes that a narrower version could emerge, targeting select trading partners later this year.
According to the report, Trump’s trade strategy appears to be a tactical effort to apply pressure on trading partners while maintaining flexibility for negotiation, reflecting ongoing U.S. trade policy trends.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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