President Trump's "huge tariff shock" over the weekend prompted Mexico and Canada to secure border deals with the Trump administration to delay imposing 25% tariffs, while a 10% levy was implemented on Chinese imports. In a tit-for-tat response, Beijing slapped the US with tariffs, fueling uncertainty across global markets.
The latest trade developments prompted Goldman analysts to reassess their view on the impact of tariffs. On Tuesday, they published a note titled "Rethinking Tariffs" to clients.
In the note, Alec Phillips, David Mericle, and Elsie Peng provide clients with 13 of the most important questions and answers surrounding trade.
