The Goldman Sachs Group, Inc. The Trump Administration’s dramatic tariff moves have upended decades of US trade policy, sparking a rapid reassessment of the US and global economic outlook

The Goldman Sachs Group, Inc. President Trump’s tariff actions since his inauguration have been nothing short of striking. While markets have begun to react to these developments, deep tariff risks are still being underpriced. Whether that will continue to be the case largely depends on if Trump tariffs end up as mostly talk, or action.

is a great example of how our One Goldman Sachs mindset advances our business. Asset & Wealth Management In 2024, Asset & Wealth Management continued to deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals. Our assets under supervision reached another record, reflecting our 28th

In 1897, Goldman Sachs established relationships with financial firms in major European capitals, providing an array of services that included foreign exchange, letters of credit, gold shipments and arbitrage.

Goldman Sachs (Asia) L.L.C. Asia Views: 2025 Outlook – Positioning for Trade War Two. 15 November 2024 | 5:14AM HKT. Investors should consider this report as only a single factor in making their investment decision. For Reg AC . certification and other important disclosures, see the Disclosure Appendix, or go to. www.gs.com/research/hedge.html.

Source: Goldman Sachs Global Investment Research, Haver Analytics Exhibit 3: Structural Headwinds from Energy Prices and China Competition The size of the bubbles in the right chart represents the German export share out of total German exports for each sector.

Listen to the full Goldman Sachs Exchanges episode for Kaplan's views on the Fed's rate-cutting cycle and the interplay between monetary and fiscal policy. Has China's property market reached the bottom?

Source: Goldman Sachs Global Investment Research Exhibit 5: Applying These Estimates to the Recent Rise in Policy Uncertainty Indexes Implies a Roughly 5pp Drag on Investment Growth

Source: Goldman Sachs Global Investment Research Exhibit 4: Our Projections Imply that China, the United States, India, Indonesia, and Germany Will be the World’s Five Largest Economies in 2050

Source: Datastream, Worldscope, Goldman Sachs Global Investment Research For much of 2023 and 2024, this growth confidence was particularly elevated in the dominant technology stocks, while others were more subdued.