Biden gets Trumpy on trade [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Biden has borrowed a move from the former president and begun the process of hiking US tariffs on Chinese steel and aluminum imported to the United States. Biden wants to triple the tariff, from 7.5% to 22.5%, claiming that China undercuts market prices by subsidizing its domestic manufacturers. Biden also says he'll take new steps to prevent China from importing metals through third parties, such as Mexico, and investigate unfair Chinese practices in the shipbuilding industry. Trump, who called himself “ Tariff Man ,” was the OG trade warrior, imposing new duties on hundreds of billions of dollars of imports during his four years as president. Numerous economic studies argued that the Trump trade war , including Chinese retaliation, did more harm than good to the US economy . Yet Biden left the China tariffs in place while removing other tariffs Trump imposed on nations friendlier to the United States. What Biden is doing now is slightly Trumpy, but not the Full Trump. The for
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News
- The Goldman Sachs Group, Inc. (NYSE: GS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $479.00 to $517.00. They now have an "outperform" rating on the stock.MarketBeat
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- Analysis-Inflation hasn't lost its grip on bond markets yet [Yahoo! Finance]Yahoo! Finance
- Analysis-Inflation hasn't lost its grip on bond markets yet [Yahoo! Finance Canada]Yahoo! Finance Canada
- Inflation hasn't lost its grip on bond markets yet [Reuters]Reuters
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Earnings
- 4/15/24 - Beat
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Sec Filings
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- GS's page on the SEC website