Former Vice President Mike Pence says Trump's tariff plans are the "largest peacetime tax hike in U.S. history."

The shift is particularly gloomy because Goldman for years has been one of the more optimistic houses when it comes to the outlook for growth—and it has been right.

Goldman Sachs economists raised their forecast for Federal Reserve interest rate cuts to three this year and increased the probability of a U.S. recession to 35%, as President Donald Trump’s tariffs put pressure on economic growth.

The U.S. economy faces a sharply higher risk of recession over the next twelve months, Goldman Sachs analysts warned this weekend, as tariffs reduce growth, stoke inflation pressures and deepen the market's first quarter decline.

By Nell Mackenzie LONDON (Reuters) -Hedge funds have scaled back risky bets and sought safety, data from Goldman Sachs shows, ahead of this week's widely anticipated announcement by U.S. President Donald Trump on reciprocal tariffs that has fuelled trade war fears.

Stocks took a hit in after-hours trading after the commander-in-chief slapped a 10% baseline tariff on all exporters to the US as well steeper rates for nations he accuses of treating this country

If you're coming in from the wilderness, a creature void of form, these stocks might give you shelter from the storm. Apologies to Bob Dylan, but we couldn't resist tweaking a few lines from his 1975 song "Shelter from the Storm" to discuss some investment possibilities in the event of a trade war.

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.