Goldman Sachs chief economist warns of impacts of higher U.S. tariffs

NEW YORK, July 3 (Xinhua) -- The actual implementation of the tariff plan proposed by former U.S. President Donald Trump would hurt economic growth and lead to a hike of interest rates by as much as 130 basis points by the Federal Reserve, according to Goldman Sachs Chief Economist Jan Hatzius.

If the United States implements Trump's plan to impose a 10 percent tariff on all imported goods and all other countrie