Business · country

David Solomon on China

Trade policy revisionist (strong)

TL;DR

David Solomon views past US-China trade policy as a mistake, advocating for a fairer, more reciprocal system while remaining optimistic about constructive engagement.

Key Points

He criticized the policy of the last 50 years regarding US-China trade, calling the approach flawed.
Solomon expressed optimism about easing trade tensions following talks between the US and Chinese leaders in November 2025.
Goldman Sachs is committed to expanding business in China and contributing to the high-quality development of its capital markets.

Summary

David Solomon, CEO of Goldman Sachs, has expressed that the trade policy spanning the last five decades between the United States and China was a mistake, stating that the prior approach of simple participation without fair reciprocal agreements has been flawed. He emphasized the importance of the two largest global economies reaching a more constructive arrangement, especially amid ongoing tariff tensions. Following high-level talks between the US and Chinese presidents, he noted a positive de-escalation in the relationship and suggested there is a reasonable chance for a trade deal in the near future.

Despite past policy critiques, Solomon indicates that Goldman Sachs remains optimistic about China's long-term economic development prospects. The firm continues its commitment to business operations and investment within the Chinese market. He has stated that his company will continue to deepen its presence in the Chinese market and aims to play a positive role in promoting the stable development of US-China relations, indicating a pragmatic, business-oriented approach to the complex geopolitical landscape.

Key Quotes

"The policy of the last 50 years, 'let's just participate, and it will all be fine,' that's been a mistake,"

The Claman Countdown October 30, 2025

Frequently Asked Questions

What is David Solomon's core view on US-China trade relations?

David Solomon strongly believes that the United States' trade policy with China over the past five decades has been a mistake. He advocates for establishing a system of reciprocal agreements that are fair and level for both major economies.

Has David Solomon indicated a desire for economic decoupling between the US and China?

He has stated that he does not expect a significant decoupling of the two economies, suggesting that a more constructive relationship is the goal. He sees progress in de-escalation as a positive development for global economic stability.

What is Goldman Sachs' business commitment to China?

Despite geopolitical complexities, David Solomon affirms Goldman Sachs' commitment to continuing investment and business operations in China. He expressed optimism regarding China's economic development prospects to Chinese officials in late 2025.