Decoding Trump tariffs

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Goldman with the note.


President Trump’s Inauguration Day policy announcements on tariffs were more benign than expected.

While we did not expect major policy pronouncements so soon following inauguration, Trump’s comments on China were notably less hawkish than during the presidential campaign or even his more recent comments since the election.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.