Goldmans, Blackstone CEOs bullish on US economy despite Trump turmoil

The chief executives of two of major Wall Street institutions say they expect the United States to avoid recession despite the upheaval caused by the Trump administration’s demolition of decades-old economic policies and alliances.

Donald Trump on Tuesday said his administration would plough on with tariffs on Canada and Mexico starting, a broadside against America’s two biggest trading partners that underscores his push to remake global trade. That sent markets in New York plunging, and has set the ASX 200 sliding, putting the bourse on track to wipe its year-to-date gains.

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