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It's official: Trump's tariffs are damaging the economy

  • 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.

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