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Goldman CEO to CNBC: Tariffs as Political Weapon to Hurt Markets

Goldman CEO to CNBC: Tariffs as Political Weapon to Hurt Markets
(Stuart Miles/Dreamstime)

Tuesday, 11 June 2019 02:23 PM

Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity.

A trade war is "bad for risk assets" and tariffs bring "dislocation" and "uncertainty," Solomon said, adding that he is not big a fan of the economic cost of tariffs.

"The issue is that the president is using tariffs as a broader agenda," Solomon said in the interview.

"There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."

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Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity.A trade war is "bad for risk assets" and tariffs bring "dislocation" and "uncertainty," Solomon said,...
goldman sachs, ceo, trump, political, markets
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2019-23-11
Tuesday, 11 June 2019 02:23 PM
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