Trump’s tariffs are forecast to slow the global economy sharply this year, the International Monetary Fund said.

The U.S. and global economies will likely slow significantly in the wake of U.S. President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

The organization cut its 2025 forecast for the economy’s growth to 1.8% from 2.7% in January out of concern over Trump’s tariffs.