#TrumpTariffs
President Trump's 2025 tariffs have significantly impacted the U.S. and global economies. The U.S. economy is projected to grow only 1.8% in 2025, down from 2.8% in 2024, due to increased import costs and retaliatory measures from trading partners . Inflation has risen, with the Consumer Price Index increasing by 0.7 percentage points in Q1 2025 and an average of 0.4 percentage points for the year . Jobless claims remain elevated, signaling potential recession risks . The IMF forecasts global growth to slow to 2.8% in 2025, the lowest since the COVID-19 pandemic .
edition.cnn.com
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cnn.com
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thedailystar.net
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ey.com
Despite a recent trade agreement with China, which includes a 55% tariff on Chinese goods, the U.S. remains vulnerable due to China's dominance in rare earths . The OECD warns that these tariffs could reignite inflation and disrupt global supply chains .
reuters.com
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thedailybeast.com
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edition.cnn.com
In summary, Trump's tariff policies have introduced significant economic uncertainties, with potential long-term consequences for both the U.S. and the global economy.
#TariffImpact #GlobalEconomy #USRecession #TradePolicy #InflationConcerns
