Goldman Sachs says Trump tariffs could endanger 16 million export jobs in China

Goldman Sachs note from Sudnay ICYMI

• US tariffs on Chinese imports could put as many as 16 million jobs at risk in China
• “If high US-China tariffs were to persist and Chinese exports were to fall precipitously, labour markets would surely feel the pressure”
• the 16 million jobs would be involved in the production of exports to the US and nearly one-quarter would be in the wholesale and retail
• Goldman Sachs says communication equipment, apparel and chemical products “more vulnerable” than other manufactured goods thanks to their “high share in US-bound exports from China”

Yesterday we had stimulus efforts being worked on in China:"

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