US President Donald Trump’s recently implemented tariffs are expected to have a substantial impact on China’s economy, with projections suggesting a potential 2.4% reduction in growth. Goldman Sachs has forecasted a lower growth rate of 4.5% for China, falling short of its 5% target. These tariffs, which also target countries like Lesotho, Vietnam, and the European Union, are contributing to escalating global trade tensions. In response, China has promised to retaliate, leading Trump to consider imposing additional tariffs. The trade war between the US and China continues to unfold, raising concerns about the implications for the global economy.
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Trump’s Tariffs to Cut China’s Growth by 2.4%, Goldman Sachs Forecasts Lower Growth Amid Escalating Global Trade Tensions
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