Lloyd Blankfein: Tariffs may be ‘an effective negotiating tool’

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Lloyd Blankfein: Tariffs may be ‘an effective negotiating tool’
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'Saying it hurts us misses the point,' former Goldman Sachs CEO Lloyd Blankfein says.

The Trump administration’s increasingly higher tariffs on Chinese imports are not a bad idea, Lloyd Blankfein said Tuesday.

— Lloyd Blankfein May 14, 2019 In a follow-up tweet about an hour later, Blankfein — who now serves as Goldman’s senior chairman — said U.S. companies may ultimately benefit. — Lloyd Blankfein May 14, 2019 Blankfein’s comment that U.S. consumers may pay “a bit more” may ring hollow to some, as he had an estimated net worth of $1.1 billion as of 2017, according to Forbes.

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