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[OECD Forecasts Negative Economic Impact From Trump's Tariffs] The OECD Forecasts That President Trump's Tariff Increases Will Negatively Impact Economic Growth In Canada, Mexico, And The U.S., While Also Increasing Inflation. Global Growth Is Projected To Slow To 3.1% In 2025 And 3.0% In 2026. The U.S. Growth Is Expected To Slow To 2.2% In 2024 And 1.6% In 2025, While Mexico's Economy Is Projected To Contract By 1.3% And 0.6% In Those Years. Canada's Growth Will Slow To 0.7% For Both Years. A Broader Global Trade War, With A 10 Percentage Point Increase In Bilateral Tariffs, Could Further Reduce Global Growth By 0.3 Percentage Points, And Increase Inflation By 0.4 Percentage Points.
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