Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'

Reuters
03-04
Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'

SYDNEY, March 4 (Reuters) - U.S. President Donald Trump's decision to impose tariffs is part of a plan to "level the playing field" that he views as unfair, but the end result remains uncertain, Goldman Sachs chair and CEO David Solomon told a conference in Australia.

"The president firmly believes that there are imbalances with respect to how trade exists, and he has a strong point of view that he wants to level the playing field aggressively," Solomon told the Australian Financial Review Business Summit in Sydney.

"He's executing on that view," he added, noting that "how things stay in place, how far it goes ... is some of the uncertainty that I'm talking about."

(Reporting by Byron Kaye and Christine Chen; Editing by Muralikumar Anantharaman)

((byron.kaye@thomsonreuters.com; +612 9171 7541; @byronkaye;))

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