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Goldman Sachs, the investment bank, said in its latest research report that it still expected the fourth round of US tariffs on China would not take effect as scheduled this month, and the chances of withdrawing some of the tariffs already imposed increased, but it is likely to have an outcome by the beginning of next year.
Goldman Sachs believes that in less than 10 days, the United States needs to reach a trade agreement with China to suspend or cancel the plan to impose a 15% tariff on more than $150 billion of Chinese imports, or delay or suspend the plan, otherwise, the tariff will be raised on December 15 as scheduled.
"Progress has not been announced in recent days and we are not worried because last week was a Thanksgiving holiday and US trade representative Leith sizer focused on us Mexico Canada agreement negotiations this week," the report said
The Bank continues to expect that the fourth round of tariff increase plan will not come into effect and that the possibility of withdrawal of the part of the added tariff is greater than before.
But at the same time, it is also pointed out that at present, the opportunity for development to extend to the beginning of next year is increasing, especially if there is no announcement of another round of talks in the next few days. Even this will not affect the US's fourth round of tariff suspension, because the United States had defended the tariff plan four times later.


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