Fox Business
“Tariffs might be an effective negotiating tool. Saying it hurts us misses the point. China relies more on trade and loses more,” Former Goldman Sachs CEO Lloyd Blankfein tweeted on Tuesday evening. Amid warnings from corporate America, Main Street businesses, economists and others that tariffs on China will increase costs for U.S. consumers, Blankfein said they could “eventually switch their purchases to domestic or non-Chinese companies” or pay more as “part of the process to assert pressure to level the playing field.”