Lloyd Blankfein Says ‘Tariffs Might Be An Effective Negotiating Tool’
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Lloyd Blankfein said raising tariffs might be an appropriate tactic to use against China in the latest sign of widening American support for President Donald Trump’s tough approach.
“Tariffs might be an effective negotiating tool,” Blankfein -- a regular attendee of annual Davos conferences in Switzerland when was chief executive officer of Goldman Sachs Group Inc. -- wrote in a Twitter post Tuesday. “Saying it hurts us misses the point. China relies more on trade and loses more.”