US tariff hike to 25% on China will still occur in March or beyond – Goldman Sachs
|Goldman Sachs' Analysts off their afterthoughts on the latest US-China trade armistice agreement, Chinese economy and commodities prices.
Key Quotes:
“US-China tensions on trade a key weight on the price of industrial commodities.
Metal prices should move higher on the weekend agreement … 'at least in the very near term'.
Near a 'trough' for China data
But parts of the economy to remain heavy in the coming month
Credit easing should benefit the economy after Q1 of next year
Just over 50% probability that US-China talks will falter when they reach more difficult issues
Tariff increase to 25% will still occur in March or beyond.”
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