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Date: 15-apr-2025 | By: Nuztrend Team
In recent days, speculation has emerged online suggesting that U.S. investment banking giant Goldman Sachs avoided mentioning the word 'tariffs' during its recent communications — especially amid rising trade tensions under President Donald Trump’s administration.
However, fact-checking reports confirm that this claim is inaccurate. Goldman Sachs CEO David Solomon has been transparent in addressing the risks associated with tariffs and trade policy uncertainty in the company’s official statements and earnings report for Q1 2025.
The rumor likely began following a series of online discussions about how Wall Street banks were reacting to President Trump’s new reciprocal tariff policies — which have already triggered global economic volatility.
Some blogs and social media posts claimed that Goldman Sachs deliberately avoided the term 'tariffs' — possibly to calm investor nerves or downplay risks. However, this claim is unsupported by factual evidence.
In its April 2025 earnings call, Goldman Sachs CEO David Solomon clearly addressed tariff-related risks, stating:
"Uncertainty around trade policy — including tariffs — continues to impact client decision-making, delay corporate deal activity, and increase market volatility."
Solomon further warned that escalating trade tensions between the U.S. and other economies could pose "material risks" to both the American economy and global financial stability.
According to a report by MarketWatch, the company reported strong earnings but acknowledged that rising tariffs and trade uncertainty were creating a growing backlog of deals due to client hesitation.
Goldman Sachs is a publicly listed company and is legally bound to disclose material risks in its financial reports. Avoiding critical terms like 'tariffs' would contradict these disclosure obligations and could lead to regulatory action from entities like the SEC.
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