The Goldman Sachs Group, Inc. (GS) Bernstein's 41th Annual Strategic Decisions Conference (Transcript)

Group 1 - The current operating environment is experiencing significant disruption due to changes in U.S. policy, particularly under the Trump administration [3] - The trade policy has shifted from a maximalist approach to a more manageable framework, although higher tariff levels remain [3] - The transition from a maximalist to a more manageable trade policy is expected to involve volatility, including individual tweets on tariffs and potential legal challenges [3]