Goldman Sachs highlights tariff wars winners and losers

President Donald Trump The new tariffs and additional tariffs are hindered by trade relations and industries to respond to higher expenses caused by import taxes.

Trump’s tariffs from Canada, Mexico and China’s products – Chinese products, respectively, have emerged at an additional 10% tariff above the president, which is defined by the President. Canadian and Mexican products collide with 25% tariffs, although energy products from Canada have a lower 10% tariff.

President Trump has additional tariff plans that have not yet affected. He plans to increase tariffs from 12% to 25% to 25% from 12% to 25% from 25% to 25%, and more than 25% tariffs are expected if the United States may have more tariffs. Commercial partners are revengeA number

“These tariff plans are likely to help some internal industries, but damage others,” Gold Men Sach has written in their analysis. “Higher tariffs will increase imported goods to promote the demand for certain home production products. But the increase in tariff will also increase production costs for some internal producers, and both can quickly damage internal production. “

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President Donald Trump’s current tariffs and upcoming tariff plans can be spread to trade partners, as it is revenge. (Reuters / Mike Blake / Reuters Photos)

The analysis of economists studied 20% of China’s tariffs as well Expected tariff: Packages steel and aluminum, critical import and European machines. It turned out that before steel and aluminum producers, as well as oil and gas, will benefit the most involved industries that are involved in ready-made products, maximum damage will damage.

“The biggest beneficiaries are primary Steel and aluminum production “Raw materials, while the industries are very damaging them to the production of secondary materials such as steel and aluminum products, oil and coal products and pharmaceutical products,” economists wrote.

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According to the analysis, manufacturers that use steel and aluminum products will be damaged at rates. (Bill Pugliano / Getty Images / Getty Images)

They added that the tariff of 10% of pharmaceutical and related chemical products “causes a measurable 1.0% of pull Pharmaceutical production Production.

Goldman Sachs noted that tariff raises on steel and aluminum critical imports, Oil and gasSemiconductors and pharmaceuticals will have a greater impact on US companies than higher tariffs on imports from China.

“The reason is that US manufacturers use both more important imports than Import from China As intermediate investments in domestic production, as well as competing with this parentic critical imports than imported imports from China.

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Oil and gas producers will help importing critical imports, although producers using those products will be damaged. (J. DAVID AKE / GETTY Images / Getty Images)

“In addition to possible response to the possible response to foreign governments, US manufacturers also face some consumers boycotts.

“Meanwhile, it is difficult to know how recently the recent alcohol in Canada and Europe is ultimately the experience of the past can be defeated to expand the United States.

They gathered together, Goldman Sachs assessed that the net influence of these tariff plans “Strictly these Production Waves” drag US industrial products or -0.04% on GDP with modest effects of most industry. “

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“While the net influence through production side channels, we expect to have more significant effects through other channels, particularly through lowering household income and tightening financial conditions.