According to ChainCatcher, Goldman Sachs Chief Economist Jan Hatzius predicts that Trump will not restart the “reciprocal tariffs” on July 9. Hatzius hinted at an event hosted by the conservative think tank American Enterprise Institute that the White House is more likely to extend negotiations with trade partners rather than strictly enforcing the July 9 deadline. Hatzius's team estimates that the overall U.S. tariff rate has increased by about 10 percentage points this year. "We expect an additional 4 to 5 percentage points due to targeted 25% tariffs on industries such as semiconductors, communication equipment, pharmaceuticals, and copper. This is a significant additional tax increase that we believe will still be implemented."

ChainCatcher news: Goldman Sachs Chief Economist Jan Hatzius predicts that Trump will not restart "reciprocal tariffs" on July 9. Hatzius hinted at a conservative think tank, the American Enterprise Institute, that the White House is more likely to extend negotiation time with trade partners rather than strictly enforce the July 9 deadline. Hatzius's team estimates that the overall U.S. tariff rate has risen by about 10 percentage points this year. "We expect an additional 4 to 5 percentage points due to targeted 25% tariffs on industries such as semiconductors, communication equipment, pharmaceuticals, and copper. This is a significant additional tariff we believe will still be implemented," they said.

Goldman Sachs Chief Economist: Trump Will Not Reinitiate "Reciprocal Tariffs" on July 9