Donald Trump, imposing import rates on Mexico, Canada and China from Tuesday (4) lack details, says Goldman Sachs.
The White House has conditioned the removal of tariffs to improve immigration and fentanil (opioid) issues, without providing specific goals. “Although the perspective is not clear, we think the tariffs focused on Canada and Mexico will probably have a short life,” the bank said in a report released on Sunday (2).
USA PRICE INCREASE
“We previously estimated that a 25% long -term rate on Canada and Mexico imports would increase basic PCE (personal consumer price index) prices by 0.7% and reach the US GDP at 0.4 %, ”He said. In the case of China, the impact on prices is around 0.3%.
Goldman Sachs stressed that although the fares only come into force from February 4, with just two days from here, the tariffs seem likely to come into force, “although a last minute agreement cannot be completely discarded ”.
“In the light of its potential economic effects and the fact that the White House has established general conditions for its removal, we find it more likely that tariffs are temporary, but the perspective is unclear,” the bank reported.
