Goldman Sachs says Trump tariffs could endanger 16 million export jobs in China

Goldman Sachs note from Sudnay ICYMI

• US tariffs on Chinese imports could put as many as 16 million jobs at
  risk in China
• “If high US-China
  tariffs were to persist and Chinese exports were to fall
  precipitously, labour markets would surely feel the pressure”
• the 16
  million jobs would be involved in the production of exports to the US
  and nearly one-quarter would be in the wholesale and retail
• Goldman Sachs says communication equipment, apparel and chemical products “more
  vulnerable” than other manufactured goods thanks to their “high
  share in US-bound exports from China”

Yesterday we had stimulus efforts being worked on in China:”

• ForexLive Asia-Pacific FX news wrap: China outlines more economic support

This article was written by Eamonn Sheridan at www.forexlive.com.