Goldman's Bell: Probably Reached Peak Tariff Now

The transcript discusses the potential impacts of a phase one trade deal on the economy, highlighting the role of tariffs and market reactions. It explores the likelihood of tariff rollbacks and China's strategic position in negotiations. The conversation also touches on policy changes, market dynamics, and global financial conditions, emphasizing the importance of these factors in ongoing trade talks.

What is the main reason for the potential delay of the December 15th tariff increase?

• To increase tariff revenue

• To strengthen the US economy

• To avoid impacting the holiday shopping season

• To improve relations with China

How is China approaching the trade negotiations according to the transcript?

• By immediately agreeing to US demands

• By focusing solely on tariff reductions

• By holding off on rhetoric and preparing for a long-term strategy

• By being reactive to the US

What is the significance of the September 1st tariffs in the trade talks?

• They are likely to be rolled back

• They are the main focus of the negotiations

• They have already been resolved

• They are a point of contention for both sides

What has been the market's reaction to the tariffs according to the transcript?

• The market has moved higher despite the tariffs

• The market has been unaffected

• The market has remained stable

• The market has declined significantly

What role do central bank policies play in the current economic situation?

• They have led to increased tariffs

• They have worsened the trade conflict

• They have eased global financial conditions

• They have no impact on the economy