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Goldman Sachs analysts: Don’t expect a China deal before 2020 election

August 12, 2019 at 11:05 AM
Researchers at Goldman Sachs no longer expect the U.S. and China to make a trade deal before the next presidential election, saying this week that the trade conflict could curb U.S. gross-domestic product by up to 0.6 percent. “Fears that the trade war will trigger a recession are growing,” the investment bank’s analysts wrote in an Aug. 11 note to clients. “We expect tariffs targeting the remaining $300bn of US imports from China to go into effect and no longer...

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