The trade war initiated by the Trump administration in 2018 marked a turning point in US-China economic relations, underscoring broader global trade conflicts. With Trump’s second term, the world faced a renewed wave of protectionism and anti-globalization backlash. This analytical note presents a model-based analysis of the potential impact of tariff policies under Trump’s second administration. It employs a multiregional, intertemporal dynamic general equilibrium model of the world economy to simulate different scenarios for the Trump 2.0 trade war.