By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Goldman Sachs’ John Waldron says White House’s early trade deals to ‘serve as a template’
News

Goldman Sachs’ John Waldron says White House’s early trade deals to ‘serve as a template’

News Room
Last updated: 2025/05/01 at 12:14 AM
By News Room
Share
3 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

The Trump administration’s early trade deals could trigger a binary reaction from financial markets and determine how investors view the White House’s tariffs, Goldman Sachs president John Waldron said.

Wall Street has endured a volatile month, leaving investors split between those who contend that tariff deals with help transform the US economy and those who fear a recession is inevitable.

“Whatever emerges from those trade negotiations we hope will be pretty definitional. It may or may not be bullish, but it could serve as a template,” Waldron said in an interview with the Financial Times.

The comments from Waldron, widely viewed as the most likely successor to chief executive David Solomon, reflect anxiety on Wall Street about the administration’s progress in finding trade deals with dozens of countries.

President Donald Trump is in the early stages of a 90-day pause to many of the sweeping tariffs he announced on April 2 to allow Washington and other global capitals time to negotiate new trade agreements.

“The market is hyper-focused on those early trade deals,” Waldron said.

“The bull case is that we don’t have to debate trade after Labor Day, and we have across-the-board lower reciprocal tariffs and reduced non-trade barriers,” he added, referring to the September 1 US public holiday. 

Waldron said he expected that the market’s focus would then shift from trade “to the fiscal picture and what the budget reconciliation will look like”. 

Congress will negotiate a detailed budget in the months ahead after recently agreeing a budget resolution.

This first few months of the year have played out vastly differently to Wall Street’s early expectations of the Trump administration. Many executives expected Trump to pursue broad deregulation and tax cuts to boost the US economy and some Wall Street leaders talked in January of “animal spirits” revitalising investment banking activity.

Instead, financial markets have been upended by Trump’s sweeping tariffs, which have taken priority over most other policies. The uncertainty has damped dealmaking, though banks’ trading divisions have reaped huge gains from the market volatility.

Waldron said financial markets were “normalising albeit with more concern about the growth forecast” following a frantic start to April before Trump announced his pause on most of the tariffs. He said companies were holding off on making any major alterations to their operations until they could see what the result would be from the ongoing trade talks.

“Most people are making no changes because they are thinking, in 90 days you will know more,” Waldron said.

Read the full article here

News Room May 1, 2025 May 1, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Trump tariffs take Detroit and Windsor from ‘best friends’ to verge of break-up

The Ambassador Bridge soars over the river dividing Detroit and Windsor, Ontario,…

Crypto wins a champion in the White House

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Chinese tech groups prepare for AI future without Nvidia

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

Inflation-weary Americans queue for toilet paper and cheap Bordeaux

Inflation-scarred American consumers are putting up with long lines and paying cash…

Foreign tax provision in Trump budget bill spooks Wall Street

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Trump tariffs take Detroit and Windsor from ‘best friends’ to verge of break-up

By News Room
News

Crypto wins a champion in the White House

By News Room
News

Chinese tech groups prepare for AI future without Nvidia

By News Room
News

Inflation-weary Americans queue for toilet paper and cheap Bordeaux

By News Room
News

Foreign tax provision in Trump budget bill spooks Wall Street

By News Room
News

French business schools fast-track entry for foreign students blocked from US

By News Room
News

Powell tells Trump that Federal Reserve’s interest rate policy will depend on data and outlook

By News Room
News

Former Goldman Sachs banker sentenced to two years in prison for 1MDB role

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?