New Delhi, June 4 -- US President Donald Trump has been pitching his tariffs as a way of making the American economy great again. Going by the Organisation for Economic Co-operation and Development's (OECD) latest forecast, though, its growth is set to slow, not accelerate, as a direct consequence of his policies.
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US economic growth is projected to dip to 1.6% in 2025 and 1.5% in 2026 from 2.8% in 2024. Global growth, too, would be set back to 2.9% this year, down from 3.3% in 2024. With the existing trade order in chaos, countries need to urgently strike deals.
Also Read: A trade arrangement that leaves out the US could trump Trump's tariffs
Otherwise, the repercussions woul...
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