- Tariffs on Mexico and Canada were put on hold for a month, but those on China were not—and according to Goldman Sachs, “large tariffs pose downside risk to our S&P 500 earnings estimates and return expectations.”
President Donald Trump threatened tariffs on Mexico, Canada, and China, but an 11th-hour deal pressed pause for North American trade partners. Levies on China, however, are still happening, and the country has retaliated in kind.
