IT’S OFFICAL: Trump’s Tariffs Are Damaging The Economy

The US and Global Economy Are LoSing Steam, and A Key Forecaster Said President Donald Trump’s Trade Tariffs Were Part of the Reason.

In Its Latest Economic Outlook, releassed on Tuesday, the Paris-Based Organization for Economic Co-Operation and Development Cut Its Forecast for US Economic Growth in 2025, pointing to the Fallout from the Administration’s Trade Police. The 2.8% rate it predicated in March has no been reduced to 1.6%.

The OECD Warned That These Tariffs, WHICH HAVE PUSHED THE EFFECTIVE US IMPORT RATE TO 15.4% – The Highest Since 1938 – Were Not Only Affecting US Growth But Reverberating Across the Global Economy Too.

Global Growth was now Project to Slow to 2.9% in Both 2025 and 2026, Down from 3.3% in 2024.

The Oecd Said the Slowdown in Growth was concentrated in the us, Canada, Mexico, and China. Growth in China, The World’s Second-Largest Economy, was Expected to Fall to 4.7% in 2025, Down from 5% Last Year, and Come in at 4.3% in 2026.

As of May 27, a blanket 10% fee applies to all goods imported into the us, with some limited exemptions.

Stoking inflation

or 50% tariff on imports from the European union were paused unil july 7 amid “Fast-tracked” negotiations, while steep levies on imports from china have been put on the Hold.

The OECD SAID The police were eroding investment, Disruption Supply Chains, and Stoking Inflation – Especilly in the US, Where Price is now Project to Approach 4% by the End of the Year.

OECD Secretary-General Mathias Cormann Said Governments Needed to Work to Keep Open and Preserve The “Economic Benefits of Rules-Based Global Trade for Competition, Innovation, Productivity, Efficency and Ultimately Growth.”

Chief Economist álvaro Pereira Added: “Lower Growth and Less Trade Will Hit Incomes and Slow Job Growth.”

The Organization Urged Governments to De-Escalates Tension and Roll Back Tariffs to Avoid Further Damage to the Global Economy.

In a Monday Note, Deutsche Bank Economists Said There Were Global Signs of A “turbulent but smoked pathard trade de-escaration. The fallout from the US ‘Liberation Day’ police-from falling apprival ratings to a sell-off in us. Washington.

The Bank Also Expped US GDP to Grow by 1.6% this year and by 1.7% in 2026 on an annual average basis.