Goldman Sachs reports Trump's trade plan may reshape U.S. tariffs and negotiations

Goldman Sachs analysts report that President Trump's new trade plan, called the "Fair and Reciprocal Plan," may change U.S. trade policies. The plan aims to align tariffs and taxes with major trading partners and could be revealed between April and August. The analysts predict a 10% tariff on Chinese imports and additional duties on sectors like semiconductors and pharmaceuticals from the European Union. A broad reciprocal tariff policy is unlikely, but a narrower version targeting specific partners may be introduced later this year. Trump's strategy appears to apply pressure on trading partners while allowing room for negotiation, reflecting current trends in U.S. trade policy.