This sound is produced automatically. Please let us know if you have feedback.
Public insanity towards Trump administration tariffs may be cool with various commercial transactions. But according to a report released by the Economic Cooperation and Development Organization on Tuesday, the full consequences of tariffs have still arisen. The interdisciplinary group that will slow down in the coming months due to tariffs in the coming months.
According to the World Politics Forum, which has 38 member states, global growth was more resistant to the first half of 2025 in the first half of 2025, with production and trade “with uploading before higher tariffs”. This has contributed to the expansion of the global economy at 3.2 % annually.
“It was an important source of support before the start of tariffs,” the report said: “But front loading in most places is over and uncertainty reduces investment and trade.
Therefore, OECD projects weaken the global growth of GDP from 3.3 % in 2024 to 3.2 % in 2025 and 2.9 % in 2026. In the United States, annual GDP growth is expected to rise from 2.8 % in 2024 to 1.8 % in 2025 and 1.5 % in 2026, with TATIFFS leading to emergence.
Global and US GDP growth is expected to decline by 2026
US GDP is expected to decline sharply in 2025 compared to the whole world.
OECD shows that most tariff costs have still occurred because changes are being made over time. “The impact of higher tariff rates on the US economy has not yet been fully felt,” the report said.
Since late August, the effective tariff rate for US goods imports was estimated to be 19.5 %. According to OECD, this is the highest tariff since 1933 and 4.1 percent higher than in mid -May. The report also refers to higher segment tariffs, for metals.
In some cases, tariff costs are transmitted to consumers through higher prices, especially durable goods with high imported content.
About the Author
