Wall Street's Role in the Trade War

As the trade war intensifies, countries around the globe are turning to Wall Street's heavyweight, Goldman Sachs, for strategic advice. The Wall Street Journal (WSJ) highlighted this trend in a recent report, shedding light on the consultations between the bank and several nations.

International Responses and Strategies

Officials from France, Saudi Arabia, South Africa, and Japan have engaged in discussions with Goldman Sachs. Notably, Japan has shown reluctance to alter its tax policies to satisfy U.S. demands. Meanwhile, South Africa received advice to modify its controversial land-seizure law, a move criticized by the Trump administration as "racist." However, South African President Cyril Ramaphosa's spokesperson dismissed the suggestion, indicating it would not be welcomed by the government.

U.S. Negotiations and Future Prospects

Following a 90-day tariff pause, the U.S. is actively negotiating trade agreements with various countries. President Trump recently expressed optimism about nearing a deal with Japan, signaling potential progress in these complex discussions.