The OECD released a comprehensive report indicating that the recent tariffs imposed by the Trump administration are significantly harming both U.S. and global economic growth forecasts. Slower growth and higher inflation rates are projected as trade policy uncertainties and escalating tensions between nations weigh heavily on economic performance. The OECD expects the U.S. economy to grow only 1.6%, marking a sharp contraction influenced by the ongoing trade war and increased tariffs on steel and aluminum. As a result, the global outlook has also been downgraded, with fears that growth could hit post-Covid lows. Despite assertions from Trump that the economy is booming, analysts express deep concerns regarding the long-term implications of the tariffs.