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

The OECD said this morning that it was slashing its growth forecast for the US, as it warned that President Donald Trump’s trade war will sap momentum from most major economies. The global economy as a whole is heading into its weakest period of growth since the Covid-19 pandemic,