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Former Goldman Sachs CEO Lloyd Blankfein says Trump's trade-war tariffs may be 'an effective negotiating tool'
  • Former Goldman Sachs CEO Lloyd Blankfein thinks the trade war could be good for America.
  • He expects tariffs to hurt China more than the US because of the former's greater reliance on trade.
  • Blankfein compared the trade war to a labor strike, where both sides suffer but the winner demonstrates "strength" and "resolve," and forces a compromise.
  • Americans will pay "a bit more" for goods but "assert pressure to level the playing field."
  • One economist doesn't think the labor strike analogy holds up.


Full "The Business Insider: The Money Game" article

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