Goldman Sachs: The Impact of Reducing Tariffs on China by the U.S. is Limited

ChainCatcher message, "Fed's mouthpiece" Nick Timiraos retweeted Goldman Sachs' view on social media, stating that the significant reduction of tariffs on China will have a limited impact on the overall effective tariff rate in the U.S., expecting it to result in a decrease of less than 2 percentage points in the current effective tariff rate.

Despite this reduction, the overall tariff level in the U.S. will still be significantly higher than the market's expectations at the beginning of the year, and the coverage will be broader.