Goldman Sachs Warns of Inflation Spike Amidst Trade Tensions

Goldman Sachs has issued a stark warning about the impact of U.S. President Donald Trump’s trade war on inflation, highlighting potential setbacks in curbing price increases. The Wall Street bank released its assessment to clients this week, indicating a combination of high tariffs and a weakening dollar will likely lead to sharp rises in key inflation indicators. This trend is expected to accelerate as we move into the second half of 2023.