Trump’s Tariffs to Hit China’s Economy, Goldman Sachs Predicts 2.4% Growth Reduction, Global Trade Tensions Escalate

US President Donald Trump’s fully implemented tariffs are expected to have a substantial impact on China’s economy, potentially decreasing its growth by 2.4%. According to Goldman Sachs, China’s growth is forecasted to be at 4.5%, falling short of its 5% target. The tariffs imposed on China and other countries such as Lesotho, Vietnam, and the European Union have heightened global trade tensions. In response to the tariffs, China has promised retaliation, leading President Trump to warn of additional tariffs. The escalating trade war between the two economic powerhouses is closely watched by analysts and investors around the world for its potential implications on the global economy.

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