FILE PHOTO: David M. Solomon, Chairman and CEO of Goldman Sachs, speaks in the course of the Milken Institute’s 22nd annual World Convention in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake
(Reuters) – Goldman Sachs Chief Govt David Solomon instructed CNBC on Tuesday that U.S. President Donald Trump’s use of tariffs as a part of a political agenda can impression market exercise.
A commerce struggle is “unhealthy for danger belongings” and tariffs deliver “dislocation” and “uncertainty,” Solomon mentioned, including that he’s not large a fan of the financial price of tariffs.
“The problem is that the president is utilizing tariffs as a broader agenda,”…