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Tariff Uncertainty Expected to Slow Global Economic Growth This Year

23 September 2025 at 16:53
President Trump’s trade war is still playing out, and the full effect will be felt heading into next year, the latest projections show.

An auto factory in China. President Trump has imposed duties on goods from allies like the European Union, Canada and India, as well as rivals like China.

Trump Tariffs? Europe Braces but Has No Clear Strategy

The incoming president promised β€œtariffs all the way” unless Europe bought more U.S. oil and gas. European officials have no clear strategy for avoiding a trade war.

Newly imported cars in Wilmington, Calif. In 2023, the United States and the European Union traded more than $1.5 trillion in goods and services.

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