Goldman Sachs note from Sudnay ICYMI
US tariffs on Chinese imports could put as many as 16 million jobs at risk in China“If high US-China tariffs were to persist and Chinese exports were to fall precipitously, labour markets would surely feel the pressure”the 16 million jobs would be involved in the production of exports to the US and nearly one-quarter would be in the wholesale and retailGoldman Sachs says communication equipment, apparel and chemical products “more vulnerable” than other manufactured goods thanks to their “high share in US-bound exports from China”Yesterday we had stimulus efforts being worked on in China:"
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