IMF Warns Trump Tariffs Could Crash Global Economy

The International Monetary Fund (IMF) has warned that President Donald Trump’s tariffs are significantly harming the global economy, leading to reduced growth forecasts worldwide. The IMF lowered its projection for global economic growth to 2.8%, down from 3.3%, and also slashed its U.S. forecast to 1.8%, citing that the U.S. could be among the worst affected by the trade war. Asian economies are particularly vulnerable to these trade shocks due to their deep integration into global supply chains, with China expected to be hit hard by the tariffs. The tariffs have also caused severe disruptions for American businesses reliant on Chinese imports, leading to stalled orders and increased costs for U.S. consumers and companies. While there is discussion about suspending or reducing tariffs to ease inflation and supply chain issues, critics argue that doing so could lessen pressure on trading partners like China to enact reforms, while supporters believe it could lower costs for U.S. consumers and businesses. The ongoing uncertainty around trade policy continues to dampen economic outlooks in both developed and emerging markets.