The International Monetary Fund has released projections indicating that President Trump's trade war is likely to cause a notable slowdown in global economic growth this year. The impact of tariffs, some at levels not seen since the Great Depression, is expected to hinder U.S. economic performance, with growth downgraded to 1.8 percent in 2025. The instability imposed by these tariffs has resulted in retaliatory measures from China and Canada. Additionally, the global output is anticipated to decline from 3.3 percent to 2.8 percent, reflecting the far-reaching consequences of U.S. trade policies on international economies.
President Trump’s aggressive use of tariffs is likely to weigh heavily on the United States, with projections from the I.M.F. indicating a slowdown in global economic growth.
The economic projections suggest global output will slow to 2.8 percent this year from 3.3 percent in 2024, largely due to the impact of U.S. tariffs.
The uncertainty created by Mr. Trump's tariffs has dampened output for U.S. companies depending on exports or foreign inputs, just as global economies began stabilizing.
China and Canada have responded to tariffs with their own trade barriers, while the European Union warned of escalated levies if U.S. tariffs proceed.
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