Blankfein urged Trump to delay imposition of reciprocal tariffs by six months in order to give countries time to negotiate better trade deals with the United States.

One recent report from Goldman Sachs sounded the alarm on an unintended execution that could be devastating collision course economic fallout from the White House’s bellicose tariff tactics. The financial giant believes these responsibilities will increase inflation.

Investment bank Goldman Sachs has warned that U.S. President Donald Trump's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession.