Goldman Sachs expects China tariffs to drop soon. But the bank still puts the chance of a recession at 45%

Quick Summary:

Although "the mood music with China has improved,” the bank’s chief economist still expects other tariffs increases—and sees "a meaningful risk that some of the paused reciprocal’ tariffs will take effect after all.

So that hasn’t changed, but neither has the president’s on-again, off-again tariff agenda: the latest proposal being a tariff on foreign-made movies.

The thing is, it appears the central bank needs to see some bad hard data before making a move to stave off a potential recession.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United StatesChina

Topics: Federal Reserve Donald Trump U.S. Department of the Treasury Interest Rates Recession Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 16:48:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 6 lines

Sentence Length: 90 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28475059

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