Goldman Sachs economists are weighing in on one of the biggest market questions right now: how much will US tariff policies actually damage European economic growth? Their take? Less than you might think. While trade tensions are definitely reshaping global economic dynamics, the bank's analysis suggests that direct tariff impacts on European expansion will be relatively contained. This matters because macro policy shifts don't just affect traditional markets—they ripple through crypto markets too. When major economies dodge recession fears, risk appetite tends to stay healthier. The verdict from Goldman's team signals that despite headline tariff concerns, European growth headwinds may prove more manageable than feared. That kind of macro stability can matter for asset allocation decisions across the board.