Advertisement
Singapore markets closed
  • Straits Times Index

    3,330.77
    -0.04 (-0.00%)
     
  • Nikkei

    38,683.93
    -19.58 (-0.05%)
     
  • Hang Seng

    18,366.95
    -109.85 (-0.59%)
     
  • FTSE 100

    8,245.37
    -39.97 (-0.48%)
     
  • Bitcoin USD

    69,389.99
    -1,406.04 (-1.99%)
     
  • CMC Crypto 200

    1,439.52
    -39.18 (-2.65%)
     
  • S&P 500

    5,346.99
    -5.97 (-0.11%)
     
  • Dow

    38,798.99
    -87.18 (-0.22%)
     
  • Nasdaq

    17,133.12
    -40.00 (-0.23%)
     
  • Gold

    2,311.10
    -79.80 (-3.34%)
     
  • Crude Oil

    75.38
    -0.17 (-0.23%)
     
  • 10-Yr Bond

    4.4300
    +0.1490 (+3.48%)
     
  • FTSE Bursa Malaysia

    1,617.86
    +3.13 (+0.19%)
     
  • Jakarta Composite Index

    6,897.95
    -76.95 (-1.10%)
     
  • PSE Index

    6,518.76
    +8.90 (+0.14%)
     

Goldman Sachs CEO: Tariffs for political agenda can impact markets - CNBC

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills

(Reuters) - Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump's use of tariffs as part of a political agenda can impact market activity.

A trade war is "bad for risk assets" and tariffs bring "dislocation" and "uncertainty," Solomon said, adding that he is not big a fan of the economic cost of tariffs.

"The issue is that the president is using tariffs as a broader agenda," Solomon said in the interview. "There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)