Don
Showing 1–2 of 2 transcripts.
- The Economist7 min
Why US tariffs on China will hurt American shoppers
Effective May 2, the Trump administration revoked the "de minimis" exemption, eliminating duty-free status for Chinese imports under $800 and directly impacting the US market-dependent business models of fast-fashion giants Shein and Temu. Facing high tariff costs that threaten their core pricing advantages, these companies currently rely on direct shipping from Chinese hubs while navigating geopolitical pressure from Beijing against relocating manufacturing to avoid tariffs. Experts anticipate Shein and Temu will survive this regulatory shift by diversifying into new global markets and transitioning into multinational corporations despite strict US efforts to close trade loopholes.
- Goldman Sachs10 min
The future of the energy industry: Goldman Sachs leaders discuss
Neil Mehta, Sarah Kiernan, Daan Struyven, Don
Global oil demand surged to a record high in 2023 and is projected to reach 107 million barrels per day by the end of the decade, driven by emerging market growth and a post-pandemic travel rebound despite a historical investment deficit. As the energy transition introduces market volatility through intermittent renewable generation and rising capital costs, major oil and gas producers are pivoting toward decarbonization strategies like hydrogen development and carbon capture rather than entering the utility sector. Meanwhile, Goldman Sachs' commodities division is supporting clients by managing price risk exposure and facilitating access to capital markets for these evolving energy projects.