The OECD now sees 2025 growth in the U.S. falling to 1.6% from 2.2% back in March. The organization also trimmed global growth forecasts.

President Donald Trump’s trade war will wreak greater economic damage than previously expected, both in the United States and everywhere else, according to new forecasts by the Organisation for Economic Co-operation and Development.

US President Donald Trump’s combative trade policies are hurting global economic growth, with the US among the hardest hit, according to the OECD. The Paris-based organization slashed its outlook for the second time this year,

The Trump administration on Monday asked a U.S. appeals court to pause a second court ruling that found the president had exceeded his authority by imposing sweeping tariffs on imports, saying the decision jeopardizes trade negotiations with other nations.

President Donald Trump’s top economic advisers stressed Sunday that they would not be deterred by a recent court decision declaring many of the administration’s tariffs to be illegal, pointing to other authorities the White House could invoke