The global economy will be hit hard by Trump's tariffs, IMF warns

President Trump's new tariffs could trigger a global trade war as the International Monetary Fund (IMF) warns that these measures may severely damage the global economy, including an expected decline in U.S. economic growth by 1.8% this year compared to its previous forecast of 2.8%. The IMF also notes that global growth projections for 2024 have dropped from 3.3% to 2.8%, underscoring a growing sense of unpredictability in the global economy due to increased policy uncertainty and trade tensions, which could further destabilize markets and investor confidence.