#TrumpTariffs
President Trump's recent tariff policies have significantly impacted the global economy. In March 2025, the U.S. imposed a 25% tariff on imports from Canada and Mexico, and increased tariffs on Chinese goods from 10% to 20% . These measures have led to retaliatory tariffs from affected countries, disrupting trade flows and supply chains . Economists warn that such protectionist policies could lead to stagflation—a combination of stagnant economic growth and rising inflation . The Organization for Economic Co-operation and Development (OECD) forecasts a slowdown in global economic growth due to these trade tensions .
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Axios
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While the administration argues that tariffs protect domestic industries and jobs, critics contend that they increase costs for consumers and businesses. The Federal Reserve has adjusted its economic outlook, projecting slower growth and higher inflation in the U.S. . As global trade dynamics continue to evolve, the long-term effects of these tariff policies remain uncertain.