Goldman Sachs – fears of US/China trade war leading to a recession are increasing

Goldman Sachs: We expect tariffs targeting the remaining $300bn of US imports from China to go into effect (referring to Trump’s announcement earlier this month that another 10% tariff on a final $300 bn worth of Chinese imports on 1, September, which prompted China to respond by stopping purchases of US agricultural products) • GS have increased their estimate of the impact on economic growth of the trade war, and also that policy uncertainty may see firms lower capex spending •!lower its Q4 US GDP forecast by 20 basis points to 1.8% • How To Profit From This Environment? • Email Now To Access Our Next Algo Trade Alert: inquiries@ppchk.net