Despite campaigning on a vow to impose 60 per cent tariffs on all Chinese imports, US president-elect Donald Trump will probably seek an average of 20 per cent tariffs on most of those, the chief economist of Goldman Sachs said on Thursday.
Speaking at the Atlantic Council in Washington, Jan Hatzius of the investment banking giant added that levies might rise to 60 per cent on a limited number of key capital goods, like solar panels, steel and aluminium.
