OECD: Trump's Trade Policy Hurt the Global Economy.


The Organization for Economic Cooperation and Development (OECD) reported that the aggressive trade policy of U.S. President Donald Trump has led to a decline in the global economy, but the United States itself has suffered the most.
The OECD has significantly lowered its global forecasts twice this year due to the tariffs imposed by the U.S. government. They noted that the combination of trade barriers and uncertainty undermines trust and restrains investment, which can lead to inflationary pressure.
It is forecasted that the growth rate of the global economy will slow to 2.9% this year, while for the U.S. it will only be 1.6%. The OECD emphasized that Trump's policy has posed a serious challenge to the global economy and requires complex solutions.
The organization called for agreements to ease trade tensions and reduce barriers in order to avoid further economic decline. The forecast highlights the impact of U.S. trade policy on the global economy and the need for coordinated actions to mitigate the effects of the trade war.
The OECD's message indicates the negative impact of the aggressive U.S. trade policy on the global economy. They call for agreements to resolve trade conflicts and strengthen economic stability.
Read also
- Iran accused IAEA inspectors of slander ahead of key meeting
- The European Central Bank has lowered key rates
- Microsoft cuts hundreds of jobs amid billion-dollar investments in AI
- OPEC+ puts pressure on Russia regarding oil production quotas
- Nuclear energy is not keeping up with the 'first wave' of artificial intelligence
- Deportation of Migrants from the USA: How the Trump Family is 'Working' with Serbia