Trump tariffs will throttle US, global economies: IMF

Century-high tariff levels imposed by President Trump. are expected to take a bite out of global economic growth this year, International Monetary Fund (IMF) economists said Tuesday.

The IMF downgraded its projection for global gross domestic product (GDP) growth to 2.8 percent growth in 2025, down from a forecast of 3.3 percent in January.

U.S. growth projections were marked down to 1.8-percent growth from 2.7-percent growth, and expectations for the output of advanced economies...