Trump’s Tariffs Are CRASHING the Global Economy, Experts Warn
OECD Cuts Global Growth Forecast to 2.9% as U.S. Tariffs Trigger Economic Slowdown, Warns America Will Be Hit Hardest
A group of experts called the OECD has lowered their prediction for how much the world’s economy will grow this year. Back in March, they thought it would grow by 3.1%. Now, they say it will only grow by 2.9%.
That may not sound like a big change, but for countries trading billions of dollars, it’s a big deal.
What’s causing the slowdown?
The OECD says one of the biggest problems is new tariffs from the United States. A tariff is a tax on things we buy from other countries. When the U.S. adds tariffs, it makes things more expensive — not just for other countries, but for Americans too.
These new trade rules are causing trouble. Other countries don’t like them and are starting to fight back with their own tariffs. That makes it harder for businesses to sell and buy products. In the end, people around the world — and especially in the U.S. — feel the pain.
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What does this mean for the U.S.?
According to the OECD, the U.S. will be hit the hardest by the slowdown. They now expect the American economy to grow only 1.6% in 2025 — much lower than last year.
The group says that if these trade fights continue, things could get worse. Less trade means fewer jobs, slower business, and higher prices for everyday stuff like food, clothes, and electronics.
Why it matters:
Leaders like Donald Trump say tariffs are “tough” on other countries. But experts are warning that they’re also tough on everyday Americans. If we keep going down this road, the economy could keep slowing — and regular people could be the ones paying the price.
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