Goldman Sachs CEO Highlights Increased Recession Risks

During a recent conference call following the release of Goldman Sachs Group Inc.'s latest earnings report, CEO David Solomon expressed concerns over the increasing likelihood of a recession. "The prospects of recession have increased," Solomon stated, pointing to a noticeable slowdown in global economic activity.

Trump's Trade Policies: A Gradual Approach

Solomon also commented on United States President Donald Trump's foreign trade policies, particularly his "more gradual" approach to tariffs. This comes after Trump decided to pause the majority of planned duties set to take effect on April 9, delaying them for 90 days to allow for negotiations.

This move has been seen as a positive step towards resolving trade disputes, with Solomon welcoming the opportunity for dialogue and potential progress in international trade relations.