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Blankfein Sees U.S. Avoiding ‘Suicide Pact’ on China Trade Feud

  • Goldman CEO sees escalating threats as ‘negotiating position’
  • Laments ‘horrible, tragic situation’ on U.S. southern border
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The Trump administration’s tariff threats against China make sense as a bargaining strategy and probably won’t bring about a devastating trade war, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.

“That’s what you’d do if it was a negotiating position and you wanted to remind your negotiating counterparty of how much firepower you have,” Blankfein said Tuesday in an interview at the Economic Club of New York. “I don’t think we’re in a suicide pact on this, so I suspect we’re not going to cause the economies to collapse.”