According to Odaily, Goldman Sachs President John Waldron has expressed growing concern among bond traders regarding the increasing levels of U.S. government debt. Waldron noted that this issue has now become a greater risk than tariffs. He stated, "Although all attention was previously focused on tariffs, I believe the focus is indeed shifting, especially in the bond market, towards the U.S. budget debate and fiscal conditions, which I find somewhat concerning." Waldron emphasized that the greatest macroeconomic risk currently is no longer tariffs.