Trump’s Tariffs to Impact China’s Economy, Growth Forecast Reduced by Goldman Sachs, Global Trade Tensions Escalate

US President Donald Trump’s recent implementation of tariffs is expected to have a major impact on China’s economy, with experts projecting a possible 2.4% reduction in growth. Goldman Sachs has revised its growth forecast for China to 4.5%, down from the original 5% target. The tariffs imposed on China, as well as other countries such as Lesotho, Vietnam, and the European Union, are heightening global trade tensions. In response to the tariffs, China has vowed to retaliate, leading Trump to issue warnings of additional tariffs. This escalation in trade disputes is causing uncertainty in the global market and could have significant implications for economies worldwide.

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