Investing.com — The CEO of Goldman Sachs, David Solomon, emphasized the importance of strengthening bilateral relations between the US and China, the world’s two largest economic superpowers, during an interview with World Economic Forum in Davos, Switzerland. This statement comes shortly after Donald Trump assumed the presidency of the US and threatened to impose new tariffs on imports from China and the European Union.

During Trump’s last term, he imposed tariffs on more than $300 billion worth of Chinese imports. Solomon, however, suggested that a thoughtful rebalancing of some trade agreements could benefit US growth. “The question is, how far? How quick, how thoughtful?” he posed on CNBC.

Goldman Sachs has a significant history in China, maintaining offices in Beijing, Shanghai, and Shenzhen. The investment bank, in 2021, received approval from China’s securities regulator to fully control the mainland securities business.

Looking to the future, Solomon reiterated his expectation for a significant increase in deal activity by 2025. Last month, he suggested at a conference that dealmaking in equities could exceed 10 years. average this year.

Regarding cryptocurrency, Solomon does not see bitcoin as a threat to the US dollar. He expressed faith in the strength of the dollar and categorized bitcoin as a speculative asset.

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