Trump's Trade Policies Spark Uncertainty as Global Economy Teeters.
The Goldman Sachs CEO acknowledged the uncertainty surrounding President Trump's economic policies, stating that while the chance of recession in 2025 is small but not zero. Trump has implemented tariffs on goods from Mexico and Canada, aimed at "leveling the playing field," although the end result remains uncertain. The bank's decision to remove diversity and inclusion sections from its annual filing was also influenced by changes pushed by the new U.S. administration.
- This uncertainty could have significant implications for global trade and investment, as companies and investors seek to navigate the complexities of Trump's policies.
- How will the ongoing trade tensions between the US and other countries, including China and Canada, impact the stability of the global economy in the coming months?