Goldman Sachs CEO says business community understands Trump tariffs but would like them to be lower

Goldman Sachs CEO David Solomon said the “business community understands” what President Trump is “trying to do with tariffs” — though he added that executives are “always going to want lower tariffs everywhere.”Solomon’s comments to Fox Business Network’s Maria Bartiromo on Wednesday came just a week after he said that Trump is seeking to “level the playing field” by imposing levies on imports.“I think the business community understands what the president is trying to do with… tariffs.The business community is always going to want lower tariffs everywhere… in the world,” he said in an exclusive interview on “Mornings with Maria.”“At the moment, there is some uncertainty in the markets digesting that, but we’re going to have to watch and see how this all plays out.”Solomon praised Trump for being “engaged with the business community” — drawing a contrast from his predecessor, Joe Biden.“I like that President Trump is engaged with the business community.

The Administration is engaged with the business community,” Solomon told Fox Business Network.“That’s a different experience that we’ve had over the last four years.

I would also observe the sense of optimism from the president in the engagement yesterday.”Solomon, who has led the Wall Street investment banking powerhouse since 2018, spoke to Fox Business Network a day after he met with Trump as part of a CEO roundtable in Washington.Trump, who addressed Solomon and other top executives amid ongoing uncertainty surrounding his administration’s trade policies, reiterated his commitment to tariffs, warning that additional duties could be imposed and existing rates might rise further.This statement came just hours after he sought to ease concerns about an economic downturn, declaring that the US economy was poised to “boom.”Solomon, who attended the meeting, emphasized that corporate leaders are looking for stability in economic policy to facilitate long...