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Former Goldman CEO Lloyd Blankfein: Trump's tariffs aren't a bad idea


Added 05-14-19 09:02:02pm EST - “The United States may be feeling the pain of tariffs now, but they will hurt China in the longer term, says former Goldman Sachs CEO Lloyd Blankfein.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Former Goldman CEO Lloyd Blankfein: Trump's tariffs aren't a bad idea”. Below is an excerpt from the article.

The United States may be feeling the pain of tariffs now, but they will hurt China in the longer term, says former Goldman Sachs CEO Lloyd Blankfein.

A number of under-the-radar indicators are pointing to the danger that a prolonged conflict could put a serious dent into the economy

Shares in Asia were mixed in Wednesday morning trade following an earlier slump this week amid escalating tensions on the U.S.-China trade front.

The stock market saw a broader rally than expected, and that's good news, the "Mad Money" host says.

Trump Jr.'s testimony back in September 2017 was called into question after comments made by the president's former personal attorney Michael Cohen.

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