The International Monetary Fund (IMF) has lowered its global growth forecast, citing the impact of new U.S. tariff policies introduced by President Donald Trump.
According to the IMF, the global economy is expected to grow by 2.8% this year—0.5% lower than its January forecast. For 2026, the growth projection has been revised down to 3.0%, a 0.3% decrease from the earlier forecast.
Pierre-Olivier Gourinchas, the IMF’s Chief Economist, stated, “We are entering a new era, as the global economic system established over the past 80 years is undergoing reconstruction.”
Currently, the total tariff on Chinese goods imported into the U.S. stands at 145%, which could rise to as high as 245%, according to the White House. In retaliation, China has raised tariffs on U.S. products to 125% and temporarily suspended some of its previous counter-tariffs for 90 days.
Additionally, the Trump administration has imposed separate tariffs on imports of cars, aluminum, and steel.