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Posted by
Two Blokes Jun 4 -
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#TwoBlokesTrading
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U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump's erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers paralyzed by uncertainty.The Organization for Economic Cooperation and Development forecast Tuesday that the U.S. economy—the world's largest—will slow further to just 1.5% in 2026. Trump's policies have raised average U.S. tariff rates from around 2.5% when he returned to the White House to 15.4%, highest since 1938, according to the OECD.
