UN forecasts slower global economic growth following Trump’s tariffs and trade tensions

Candeloro: Markets recovering as tariff tensions ease but uncertainty remains

The reduction in tariffs reduces near-term risks to global growth but US tariffs still at their highest levels since the 1930s.

Tariffs are affecting port traffic

WASHINGTON (NEXSTAR) - About a third of everything the U.S. imports or exports in container ships comes through California, according to the Port of Los Angeles but less cargo, especially from China, is coming in recently because of tariffs. "Far fewer ships reaching LA ports," Sen. Adam Schiff (D-Calif.) said. "Long Beach, Port Hueneme are telling me they've got one-third of the traffic they used to have." California Democratic Senator Adam Sch…

FTSE 100 recovers to pre-trade tariff announcement levels

Markets have slowly clawed back the losses seen since Donald Trump announced sweeping tariffs at the start of April.

UN Forecasts Slower Global Economic Growth

The United Nations on May 15 forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.

UN says Trump tariffs and trade tensions will cut global economic growth by 0.4% in both 2025 and 2026

“These days, there’s so much uncertainty in the air,” said Shantanu Mukherjee, director of the Economic Analysis and Policy Division at the U.N.

U.N. cuts India’s 2025 growth forecast to 6.3% from 6.6%, in line with slowing global growth

The mid-year update of the World Economic Situation and Prospects 2025 report said Trump-related tariff uncertainty had “greatly deteriorated” global growth prospects.