US President Donald Trump’s tariffs have been completely enforced and 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 decrease in China’s growth to 4.5%, falling short of its 5% target. These tariffs, in addition to taxes imposed on countries such as Lesotho, Vietnam, and the European Union, are exacerbating global trade tensions. In response, China has promised to retaliate, leading President Trump to issue warnings of additional tariffs. The escalating trade war between the two superpowers is closely watched by economists and policymakers around the world for its potential ramifications on the global economy.