The International Monetary Fund is warning of slower global growth due to President Donald Trump’s tariff regime.
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“The global economic system under which most countries have operated for the last 80 years is being reset, IMF chief economist Pierre-Olivier Gourinchas wrote in a blog post Tuesday morning.
And the reset isn’t good for the United States’ — or anyone else’s — economy.
Gourinchas cites the U.S. tariffs, the highest in 100 years, as being a major downward driver, along with the whipsawing uncertainty of on-again, off-again plans. But if the tariffs are implemented for the long-haul, growth will slow, Gourinchas says.
“If sustained, this abrupt increase in tariffs and attendant uncertainty will significantly slow global growth,” he writes.
The U.S. economy, specifically, will be hit hard. The IMF has…
