The OECD has cut its forecast for US economic growth in 2025 from 2.8% to 1.6%, citing Trump's tariffs as a key driver slowing the economy.
The US import rate has been pushed to the highest level since 1938 due to tariffs imposed by the Trump administration, affecting both US and global economic growth.
Global growth is projected to slow to 2.9% in both 2025 and 2026 as trade tensions disrupt investment and inflation rises, according to the OECD.
The OECD urged governments to de-escalate tensions, roll back tariffs, and keep markets open to avoid further damage to the global economy.