Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
1 week, 2 days ago

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

CNN  

CNN — President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday. The OECD report shows what US markets have been signaling for several weeks as they’ve rapidly tumbled into correction territory: Trump’s tariffs could choke the global economy and reignite inflation at a precarious time. Threats of new tariffs and Trump’s on-again, off-again levies have led to growing uncertainty for businesses around the world, preventing them from making investments that can drive economic growth, the OECD said. The OECD believes Canada’s economic growth will be just 0.7% this year and next, far less than the prediction of 2% growth in the December report.

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