Trump's tariffs will hinder China's economic growth

The Organisation for Economic Cooperation and Development (OECD) has warned that new tariffs from the United States will slow down China's economy and affect global trade. The OECD predicts China's economy will grow by 4.8 percent this year, but this rate is expected to drop to 4.4 percent by 2026. The slowdown is partly due to a significant increase in tariffs imposed by U.S. President Donald Trump on Chinese imports. This move has led to retaliatory tariffs from China, escalating tensions between the two countries. Experts are worried that this trade conflict could last longer than previous ones initiated during Trump’s first term. Recently, Trump announced a 10 percent tariff on all Chinese imports, claiming it was necessary to address issues like intellectual property theft and the fentanyl crisis. In response, China introduced 15 percent tariffs on various U.S. products, including coal and agricultural machinery. The U.S. then raised tariffs to 20 percent, prompting further retaliatory measures from Beijing on many American goods. If the OECD's forecasts are accurate, China's economic growth this year may fall short of its targets, impacting various industries and regions around the world.