US President Donald Trump has increased the tariffs on Chinese goods by 100 percent further. On Tuesday (April 15, 2025), late night White House has announced a 245 percent tariff on Chinese exports. Till now 145 percent tariffs were being imposed, on which China also put 125 percent tariff on American exports in retaliation. Only on this retaliation of China, the US has increased the reciperook tariff by 100 percent.
Will the speed of China’s economy slow down with tariff?
Goldman Sachs and Citigroup believe that the increase in tariff from Donald Trump will have a bad effect on China’s economy. However, Goldman Sachs has predicted emerging as the world’s largest economy in the next 25 years. In such a situation, is Donald Trump’s tariff war behind the US fear of snatching the biggest economy title?
China will become the biggest superpower in 2050
Last year, Goldman Sachs released a list of 15 countries, in which their economies were estimated in the coming decades in view of the growth rate of these countries in 2021. It was projected up to 2050 and 2075. According to the list, China will be the largest economy in the world by 2050 i.e. in just 25 years. At the same time, America, which is currently on top, will come second and India will be on the third.
America will come at number three by 2075
According to the report, China will remain on top after 2050, while America will come at number three. There will be India on another. By 2075, America will shift the title of America as the largest superpower. According to the report, China’s economy will increase to $ 57 in 2075, while American economy will be 51.5 trillion. India will be at number two with a $ 52.5 trillion $.
America’s GDP growth will slow down in 50 years
According to the International Monetry Fund (IMF), the US economy is currently $ 30.340 trillion, while China is second with $ 19.530 trillion and India is at number five with $ 4.270 trillion. Compared to the 2075 and 2025 reports, the GDP growth of China and India will be much higher than the America, that is, in these 50 years, these two countries will grow faster.
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