Goldman Sachs boss says chances of US recession have increased after Trump tariffs

David Solomon warns of trade war risks

David Solomon, CEO of Goldman Sachs, has indicated that the likelihood of a US recession has “increased” due to Donald Trump’s tariffs. He emphasized that the escalating trade war presents “material risks” for both US and global economic growth. Solomon cautioned that the growing uncertainty surrounding the impact of these tariffs could negatively affect companies and consumers, potentially leading to significant economic disruption.

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