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Trump's 104% tariffs could cut down China’s GDP growth by 2.4 percentage points, warns Goldman Sachs

IndiaTimes Wednesday, 9 April 2025 ()
US President Trump's tariffs, now fully implemented, are projected to significantly impact China's economy, potentially reducing its growth by 2.4%. Goldman Sachs forecasts a lower 4.5% growth for China, against its 5% target. These tariffs, along with levies on other nations like Lesotho, Vietnam, and the EU, escalate global trade tensions. China has vowed retaliation, prompting Trump to threaten further tariffs.
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News video: Will Trump’s New Escalation in Trade War with China Backfire?

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