Goldman Sachs: Limited Impact of U.S. Tariff Reductions on China

According to TechFlow, on May 12, "Fed spokesperson" Nick Timiraos shared Goldman Sachs' viewpoint on social media, stating that the significant reduction of U.S. tariffs on China has a limited impact on the overall effective tariff rate of the United States, expected to decrease the current effective tariff rate by less than 2 percentage points. Despite this reduction, the overall U.S. tariff level will still be significantly higher than the market's expectations at the beginning of the year, with a broader coverage.