What happened after Trump's decision regarding tariffs

After U.S. President Donald Trump's decision to impose widespread tariffs on imports, the global and U.S. economies experienced significant repercussions, including slowed growth, rising inflation, and market disruptions.

Impacts on the global economy

• Global growth slowdown: The International Monetary Fund lowered its forecast for global economic growth for 2025 to 2.8%, down 0.5 percentage points from previous estimates, with limited recovery expected to 3% in 2026, below the long-term average of 3.7%.

• Decline in international trade: The escalation of the trade war between the United States and China could lead to an 80% drop in trade between the two countries, threatening a contraction in global trade of between 3% and 7%, and a decline in global GDP of 0.7%.

Impacts on the U.S. economy

• Slow growth and rising inflation: The U.S. economy is expected to grow by 1.8% in 2025, a full percentage point lower than the previous year. Inflation is also expected to reach 5% by September, due to rising import prices.

• Impact on businesses and consumers: Companies in multiple sectors have begun raising their prices and lowering their financial forecasts, leading to decreased consumer confidence and increased uncertainty in the markets.