Financial giant Goldman Sachs has expressed optimism that President Donald Trump’s tariffs on Canada, Mexico, and China “will be temporary.”
Trump on Saturday signed an order to impose stiff tariffs — 25% on imports from both Canada and Mexico, 10% on imports from China — to force the three countries to stop the spread and manufacturing of fentanyl, in addition to pressuring Canada and Mexico to limit any illegal immigration into the U.S.
Goldman Sachs even indicated “a last-minute compromise cannot be completely ruled out” for the tariffs scheduled to take effect Tuesday, Financial Times reported Monday.
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