Goldman Sachs: No deal in U.S.-China trade war before 2020 election 

“Tariffs are a great negotiating tool,” President Donald Trump tweeted last month, one of dozens of times he has extolled the power of levies to get the trade deals he wants. Goldman Sachs issued a note to clients on Sunday saying that tariff strategy isn’t going to work with China, the world’s second-largest economy. “We no longer expect a trade deal before the 2020 election,” Goldman economists said.