Goldman Sachs CEO David Solomon argued during the Australian Financial Review Business Summit that President Donald Trump’s move could help correct “imbalances” in global trade. Solomon said Trump

Goldman Sachs CEO David Solomon discussed the stiff 25% tariffs on Canada and Mexico, as well as an additional 10% on China, that took effect Tuesday at midnight.

China’s embassy in the U.S. issued a warning that the country was ready for a trade war or “any other type of war" with the U.S. following Trump’s additional 10% tariffs imposed on the country Tuesday. Defense Secretary Pete Hegseth shot back saying the U.S. is “prepared” for a war with China.

Trump's 25% tariffs on Mexico and Canada start March 4, as he doubled China's tariff to 20% and added agricultural tariffs. Read more for tariff implications.

U.S. President Donald Trump is executing on a plan to "level the playing field" that he sees as unfair by imposing tariffs on goods from Mexico and Canada, although the end result remains uncertain, the Goldman Sachs CEO told a conference in Australia.

President Trump is implementing tariffs on Canadian and Mexican goods to address trade imbalances, as per Goldman Sachs CEO David Solomon. Trump also plans to raise tariffs on Chinese imports due to fentanyl issues.

The president also reaffirmed that he will increase tariffs on Chinese imports to 20% from the previous 10% levy to punish Beijing for failing to halt shipments of fentanyl to the U.S. "The ...

Trump said on Monday he will impose a 25 per cent tariff on goods imported from Canada and Mexico, effective from today