How much does Trump's tariff affect? Goldman Sachs: US stocks may fall 5% in the short term.

On February 3, Jinshi data reported that Goldman Sachs strategist said that the latest round of tariffs by the Trump administration has affected profit forecasts, and the U.S. stock market may decline by 5% in the coming months. Goldman Sachs strategist David Kostin wrote in a report, “These statements have shocked many investors who expected tariffs to be imposed only in the event of a failed trade negotiation. Our economists believe that the outlook is uncertain, but believe that tariffs on Canada and Mexico are likely to be temporary.” Kostin said that if the tariffs continue, the latest tariffs will reduce his profit forecasts for S&P 500 index constituent companies by about 2% to 3%, without considering the impact of further tightening of the financial environment or changes in consumer and corporate behavior. He also warned that due to the impact on profits and stock valuations, the fair value of the S&P 500 index may decline by about 5% in the short term.