Read, Watch or Listen

The International Monetary Fund (IMF) warns that President Trump's tariffs could trigger a global trade war, significantly impacting the global economy. The IMF lowered its global growth forecast to 2.8% for this year, down from 3.3% predicted in 2024, and slashed its U.S. growth forecast to 1.8%. Chief economist Pierre-Olivier Gourinchas cites increased policy uncertainty as a major factor, highlighting the risk of sustained trade tensions slowing global growth. Retaliatory tariffs from China, Canada, and potential EU action further exacerbate concerns.

Prepared by Christopher Adams and reviewed by editorial team.