Goldman Sachs:
- expects further fiscal easing from China to offset added growth drag from tariffs
- estimates new 34% tariff would weigh on Chinese GDP by at least 0.7 percentage point this year
- cuts 2% to 2025 earnings for China, from 9% to 7%.
- downgrades Taiwan to underweight in Asian market allocations, citing its high exposure to US exports, Asian supply chain, and US market sensitivity
This article was written by Eamonn Sheridan at www.forexlive.com.
