The OECD cut its forecast for US economic growth in 2025 from 2.8% to 1.6%.It cited President Donald Trump's tariffs, which had pushed the US import rate to the highest level since 1938.Global growth is also set to slow as trade tensions disrupt investment and inflation rises,

The business community in southern Arizona is grappling with tariffs on imports and federal policies impacting tourism, retail and manufacturing.

In fact, not only is Trump’s tariff policy wrecking the U.S. economy, it’s also dragging down other economies. The OECD predicted that global growth will slow to 2.9 percent in 2025, compared to 3.3 percent the previous year “on the technical assumption that tariff rates as of mid-May are sustained despite ongoing legal challenges.”