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Goldman Sachs: staggered tariffs on China expected
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: staggered tariffs on China likely, but don’t discount broader levy expansion on AsiaGoldman Sachs' Andrew Tilton talks about the 4.5% growth projection for China in 2025 and discusses the implication of tariffs on the country and the broader Asia economy.
Persons: Goldman Sachs, Asia Goldman Sachs, Andrew Tilton Locations: China, Asia
President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.
Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina: 'Unusual' to see such a combination of monetary measures at once, Goldman saysAndrew Tilton, chief Asia-Pacific economist at Goldman Sachs, says "even though individually they're fairly modest, collectively the message is that top policymakers want to do something to support growth heading into the end of the year."
Persons: Goldman, Andrew Tilton, Goldman Sachs Organizations: China Locations: Asia, Pacific
Goldman Sachs' Andrew Tilton: China is 'a tale of two economies'
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Andrew Tilton: China is 'a tale of two economies'Andrew Tilton of Goldman Sachs discusses China's latest GDP data and says investor sentiment has 'probably past peak bearishness' in the first quarter.
Persons: Goldman Sachs, Andrew Tilton Organizations: Goldman Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs economist: India is clearly going to be one of the 'bright spots' for global growthAndrew Tilton, chief Asia-Pacific economist at Goldman Sachs, says that's despite "mild headwinds" such as regulatory tightening on credit.
Persons: Goldman Sachs, Andrew Tilton Locations: India, Asia, Pacific
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKorea, Taiwan and Vietnam will continue to benefit from tech exports pickup in 2024: Goldman SachsAndrew Tilton of Goldman Sachs shares the investment bank's Asia growth outlook in 2024.
Persons: Goldman Sachs Andrew Tilton, Goldman Sachs Organizations: Email Korea, Goldman Locations: Taiwan, Vietnam, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy 'could be bottoming out', but unlikely to have robust reflation: Goldman SachsAndrew Tilton of Goldman Sachs says there are encouraging signs coming out of China and shares why he thinks Beijing will not implement measures that boost growth "dramatically".
Persons: Goldman Sachs Andrew Tilton, Goldman Sachs Locations: China, Beijing
A look through China's economy today reveals a few dilemmas, especially for investors trying to gauge future growth. The nature of China's economic recovery over the last few months from Covid have unique characteristics that aren't easily captured in broad strokes, Goldman Sachs' Andrew Tilton and a team pointed out back in late May. That means the stock winners of China's recovery are likely hidden under broader market performance. One month since Goldman's assessment, China's economic trajectory remains the same. "If weak confidence becomes so entrenched, it could be self-fulling and derail the economic recovery."
Persons: outflows, Michael Pettis, Chang Li, There's, — it's, Goldman Sachs, Andrew Tilton, Covid, — CNBC's Michael Bloom Organizations: Peking University, CNBC, Citi, AIA, Hong Locations: U.S, China, Hong Kong, Shenzhen
Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.
Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe don't expect SVB's collapse to have a big impact on the broader economic outlook: Goldman SachsAndrew Tilton of the investment bank says regulation and stress testing in large banks have been "significantly more stringent" after the financial crisis.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrent crude could hit over $100 a barrel later this year, Goldman Sachs saysAndrew Tilton of the investment bank discusses China's reopening, and says oil demand could rise by 2 million barrels a day or more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumption this Thanksgiving season is unlikely to be especially strong, says Goldman SachsAndrew Tilton of Goldman Sachs says, on the other hand, that a severe downturn is unlikely, and the U.S. consumer has held up relatively well, considering "all the Fed tightening we've seen this year, the fiscal tightening we had last year."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's growth could reaccelerate to more than 4% in 2023: EconomistAndrew Tilton of Goldman Sachs discusses the outlook for China's economy in 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is unlikely to see 'significant easing' of Covid measures till next spring, says Goldman SachsAndrew Tilton of the investment bank says how things play out in Hong Kong will play a part in China's decision on when it would ease Covid regulations.
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