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President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than ...
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.
In its Economic Outlook report, the OECD said it expects the slowdown to be “concentrated” in the US, Canada, Mexico and China — four of the countries most affected by Trump’s new tariffs.
Even if the Trump administration increases tariffs on most of America’s trading partners by just 10 percent, it would shave 1.6 percent off economic growth in the country over two years, the ...
President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy ...
The OECD analysis relies on the organization’s calculation that by mid-May, the Trump administration’s tariffs amounted to a 15.4 percent tax on imports — up from approximately 2 percent in ...
"Global trade tensions are hitting sentiment," the OECD said. U.S. tariffs remain above where they stood before Trump's second term began, but a number of levies have rolled back in recent weeks.
If Trump imposes new tariffs of 10 percentage points and other nations respond with their own trade barriers, the OECD projects that global economic output will shrink by 0.3% in 2026.
The OECD report is the latest to project that North American growth would be stymied by Trump's tariffs, which have also torpedoed a range of measures of U.S. household and business sentiment.
Tariffs will hamper growth in the US, drive up inflation, OECD says. Trump's tariffs and the ongoing trade war will slow growth in the U.S., Canada and Mexico and drive up inflation, ...
The OECD also expects the global economy to slow markedly to 2.9% growth both this year and next — a downgrade ... Mexico and China — four of the countries most affected by Trump’s new tariffs.