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Investing.com -- Goldman Sachs CEO David Solomon recently shared his views on President Donald Trump’s tariff policy in an interview with Fox Business. Solomon stated that the President is actively engaged with the business community and has a sense of optimism. He noted that the business community comprehends what Trump is trying to achieve with tariffs, and spoke regarding what today’s CEO’s hope for in Trump’s policies.
He pointed out that the business community usually prefers lower tariffs worldwide. Currently, there is some uncertainty, and the market is in the process of adjusting. Solomon said that we will have to wait and see how the situation unfolds.
Solomon mentioned that CEOs desire more policy certainty and are encouraged by some positive effects from the move towards lower regulation. He added that CEOs would also appreciate more certainty in trade, tax or energy policy to better support capital investment and growth.
The Goldman Sachs CEO observed that activity levels are slightly better, with a considerable amount of pent-up demand. However, he also noted that higher levels of uncertainty are keeping some positive transactions on hold.
Solomon further added that the overall level of strategic dialogue is increasing. There is potential for more specific actions on the regulatory front to stimulate more economic activity. He expects an uptick in activity across the capital markets and mergers and acquisitions (M&A).
Solomon anticipates an increase in Initial Public Offerings (IPOs), but cautioned that if the level of uncertainty continues to rise, it could have an impact. He noted that IPOs have been somewhat subdued over the past few years.
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