Insights for 7-13-19

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We expect tariffs targeting the remaining $300 billion of U.S. imports from China to go into effect.

Goldman Sachs Group, in a recent note to clients in which the bank said that fears of the U.S.-China trade war leading to a recession are increasing, as reported on Sunday by Reuters. Note that President Trump announced Aug. 1 that he would impose a 10 percent tariff on a final $300 billion worth of Chinese imports on Sept. 1.