I think it's fair to say it's been a pretty interesting starch the year with the new Trump administration's policy announcements coming fast and furiously
since the inauguration.
So what impact do they have on the economy and on markets?
I'm Allison Nathan and this is Goldman Sachs Exchanges.
Today I'm sitting down once again with Jan Hotzias,
head of Goldman Sachs Research and the firm's chief economist and Dominic Wilson,
senior advisor in the Global Markets Research Group.
Jan Dom,
it's great to have you back on exchanges and to continue the dialogue we began last November soon after President Trump was elected.
Glad to be with you.
Thank you.
On one, I last spoke to you and Dom in November.
We were discussing your outlook report for 2025.
It was entitled with a question, which was, will tail end Trump tariffs?
And I think it's fair to say that the answer at that time was probably, but we've now seen several announcements.
We have a better sense, not a complete sense of course,
but a better sense of the tariff policy coming through in particular and many other Trump policies.
So has your thinking shifted?
Would you still answer the question the same way?
I would still answer it exactly the same way,