Goldman Gives Countries a Playbook to Avoid Trump’s Tariffs

Monday, April 28, 2025


​In a world scrambling to avoid Trump’s tariff hammer, Goldman Sachs has quietly emerged as the unlikely adviser to nervous nations.

According to sources, countries like South Africa, Japan, France, and Saudi Arabia have all sought Goldman’s counsel in recent months on how to navigate the Trump administration’s aggressive trade policies​.

South Africa, fearing it would soon be hit with steep U.S. tariffs, turned to Goldman for help. The bank reportedly advised South African leaders, including President Cyril Ramaphosa, to consider tweaking controversial laws—like the Black ownership requirement for companies and a land-seizure law—to appease Trump. Goldman’s message was blunt: Trump’s trade decisions are emotional, not just economic.

Other countries had their own concerns. Japan, for instance, discussed with Goldman how to address Trump’s accusations that Japanese tax policies unfairly subsidize exports. Officials reportedly balked at making changes simply to placate Washington.

Goldman’s role shows how Wall Street is stepping into the geopolitical arena. Traditionally focused on advising corporations, big banks are now coaching foreign governments on how to survive the latest round of global trade warfare.

Meanwhile, the Trump administration is rolling out a country-by-country negotiation model, planning to hit six nations per week with tariff talks until July. The goal: force symbolic and political concessions before granting tariff relief.

In South Africa’s case, tensions escalated after the U.S. expelled its ambassador and imposed 31% reciprocal tariffs. Goldman warned that Trump’s political base sees issues like land seizures as deal-breakers—and that fixing "emotional optics" could be just as important as tweaking trade terms.

​Bottom line: In Trump's tariff world, diplomacy has become a high-stakes psychological game. And if you want to win, Goldman Sachs says you better know how to play it.