US, Global Economic Outlook Worsens in the Face of Trump's Tariffs, IMF Says
- The International Monetary Fund lowered its global growth forecasts for 2025 to 2.8 percent, citing increasing trade tensions due to US tariffs under President Donald Trump.
- US growth is expected to slow to 1.8 percent in 2025 and 1.7 percent in 2026, with elevated policy uncertainty and trade tensions impacting demand, according to the IMF.
- China's growth is projected to decline to 4 percent in 2025 due to trade disputes with the US, while Mexico's economy is expected to contract by 0.3 percent, according to the IMF's findings.
- IMF Chief Economist Pierre-Olivier Gourinchas stated, 'We are entering a new era as the global economic system that has operated for the last 80 years is being reset,' indicating increased risks to the global economy.
456 Articles
456 Articles
The Impact of Trump’s Tariffs
This is an updated analysis reflecting tariffs imposed by the Trump administration as of April 18, 2025. It uses the same methodology as described in our earlier report. During his campaign, President-elect Donald Trump proposed significant tariffs on products imported from other countries. While targeted tariffs can have a useful role in trade policy, economists agree that tariffs, particularly broad-based tariffs, raise the prices paid by cons…
Trump’s Tariffs and Capital’s Constraints
When Donald Trump was forced to pause most of his tariffs, the country got a basic lesson in Marxist state theory: when states push policies that threaten profits, they trigger mechanisms that discipline them back into line with capitalist interests. President Donald Trump at the White House on April 15, 2025, in Washington, DC. (Win McNamee / Getty Images) On April 2, 2025, President Donald J. Trump declared a national emergency under provisio…
IMF slashes U.S. economic forecast, saying the trade war will ‘significantly slow global growth’
The International Monetary Fund is warning of slower global growth due to President Donald Trump’s tariff regime. “The global economic system under which most countries have operated for the last 80 years is being reset, IMF chief economist Pierre-Olivier Gourinchas wrote in a blog post Tuesday morning. And the reset isn’t good for the United States’ — or anyone else’s — economy. Gourinchas cites the U.S. tariffs, the highest in 100 years, as be…
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