Goldman Sachs said tariffs imposed by the US can put as many as 16 million jobs in China at risk, the South China Morning Post reported Monday, citing a report from the investment bank.

Vulnerable sectors cited by the bank include manufacturing retail and wholesale goods, particularly the production of communication equipment, apparel and chemical products, the report said.

US President Donald Trump imposed tariffs of up to 145% on Chinese imports, while Beijing retaliated with tariffs of up to 125% on all US goods.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)