Controversial president: Trump’s plan has ignited a firestorm of opposition, with criticism from around the globe. — Reuters
SINGAPORE: Goldman Sachs Group Inc has delivered a comprehensive critique of Donald Trump’s planned metal tariffs, saying that they risk damaging the world’s biggest economy by raising costs just as price pressures build, hurting allies more than others, and creating a two-tier global market.
“Import tariffs make the US less competitive by raising the prices of raw materials,” the New York-based bank said in a report received yesterday.
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