The organization, comprised of 38 of the world’s most advanced economies, lowered its growth projections for the U.S. and the global economy for 2025 and 2026.

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of hou