US President Donald Trump’s recently fully implemented tariffs are expected to have a significant impact on China’s economy, with projections suggesting a potential 2.4% reduction in its growth. According to Goldman Sachs, China may see a lower growth rate of 4.5%, falling short of its 5% target. These tariffs, which also affect countries like Lesotho, Vietnam, and the European Union, are contributing to escalating global trade tensions. In response to the tariffs, China has promised retaliation, leading Trump to issue further threats of imposing additional tariffs. The ongoing trade dispute between the US and China continues to create uncertainty in the global economy, with ripple effects being felt across various industries.

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Trump’s Tariffs Expected to Cut China’s Growth by 2.4%, Goldman Sachs Predicts 4.5% Growth – Global Trade Tensions Rise
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Indian Pharma Stocks Drop as Trump Threatens Tariffs on Imports, Nifty Pharma Index Falls 1.7%
