The World Bank said it has had to sharply lower its global growth forecasts because of President Trump’s blizzard of tariffs to try to help right the situation and amid the ongoing

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The Pentagon estimated the troop deployment to L.A. will cost $134 million. The World Bank called for lower, equitable tariffs. What happened: The top economists at the World Bank called on the U.S. and its trading partners to reduce their tariffs to levels typically imposed by the U.S.

Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.

The U.S. economy is likely to grow just 1.4% this year, half the rate recorded in 2024, as a result of President Trump's tariff policies, the World Bank said. + The new forecast compares to the 2.3% rate it had projected in January.