The International Monetary Fund's Managing Director warned that Trump's surging tariffs are expected to weaken global economic growth and raise inflation, according to the Associated Press. The escalating trade war has caused global uncertainty, rattling markets and disrupting supply chains. While a global recession is not forecast, the IMF warned that the breakdown of trade cooperation is testing the world economy’s resilience. The IMF’s January projections anticipated moderating inflation and global growth this year. They are expected to shift due to Trump’s intensifying tariff campaign, especially against China.
