US tariff hike to 25% on China will still occur in March or beyond – Goldman Sachs

Goldman Sachs' Analysts off their afterthoughts on the latest US-China trade armistice agreement, Chinese economy and commodities prices.

Key Quotes:

“US-China tensions on trade a key weight on the price of industrial commodities.

Metal prices should move higher on the weekend agreement … 'at least in the very near term'.

Near a 'trough' for China data

But parts of the economy to remain heavy in the coming month

Credit easing should benefit the economy after Q1 of next year

Just over 50% probability that US-China talks will falter when they reach more difficult issues

Tariff increase to 25% will still occur in March or beyond.”