![goldman-sachs-economists-say-fears-rise-that-u-s-china-trade-war-leading-to-recession](https://utterbuzz.com/wp-content/uploads/2019/08/goldman-sachs-economists-say-fears-rise-that-u-s-china-trade-war-leading-to-recession-640x480.jpg)
“We expect tariffs targeting the remaining $300bn of U.S. imports from China to go into effect,” the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products. China denies that it has manipulated the yuan for competitive gain.