The Organization for Economic Cooperation and Development warns that higher U.S. tariffs on imports are set to slow economic growth and push inflation higher worldwide. Further tariff increases could lead to a more severe economic downturn, affecting major economies globally.
CROFAM SOCIAL NETWORK
The Trump administration is set to intensify the ongoing trade conflict by imposing 25% tariffs on imported cars and auto parts. This move aims to reduce the U.S. trade deficit but has prompted key trading partners, including Europe and Canada, to prepare retaliatory measures. Analysts warn that these actions could lead to market disruptions and a potential recession.