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1.Market Observations, 8.Was Sticky

3 Feb 2017 (AFR) – Trump tariffs to set back trade to post-World War II levels: Goldman Sachs

(3 February 2017, AFR, p21, by Jonathan Shapiro)

‘Global trade conditions would be set back to levels not seen for 70 years if US President Donald Trump delivers on his campaign promise to impose 45 per cent tariffs on Chinese imports and 35 per cent on Mexican imports, says a leading Goldman Sachs economist. “If we translate that into average tariff rates on just those two countries that would take us back to the tariff levels that prevailed at the end of World War II,” Goldman Sachs chief economist Jan Hatzius told an audience in Sydney on Thursday. ‘

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