Trump's trade war with China is ‘the end of the era of expanding globalization.' But it could leave the U.S. worse off because of a major imbalance in key imports [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
However, with the world's two largest economies distancing themselves, the U.S. may find it's more reliant on China than the other way around, according to Goldman Sachs. President Donald Trump's trade war with China could lead to the end of globalization. But it's not a certainty that the U.S. will emerge as the victor in the new economic world order. Over the weekend, Trump walked back his announcement for exemptions for certain Chinese imports like smartphones and semiconductors from his new tariff policy. The exemption itself was a previous reversal from his blanket policy of 145% tariffs on all Chinese imports. The new levies on China came alongside Trump's decision to hold off on the tariffs he had announced on April 2. It will be difficult for the U.S. to find replacements for Chinese manufacturing parts suppliers. “The ease with which US importers can substitute away from Chinese suppliers remains a question,” wrote Goldman chief asia-pacific economist Andrew Tilton.
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- Treasury yields edge lower after figures show net decline in jobs in October and November [MSNBC.com]MSNBC.com
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- Employers added 64,000 jobs in November, but unemployment rate jumps to highest in 4 years [CBS News]CBS News
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Earnings
- 10/14/25 - Beat
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Sec Filings
- 12/16/25 - Form 424B2
- 12/15/25 - Form 424B2
- 12/15/25 - Form 424B2
- GS's page on the SEC website