World Bank warns that US tariffs could reduce global growth outlook
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America’s trading partners retaliate with tariffs of their own. Such tariffs, promised by U.S. President-elect Donald Trump, could cut U.S. growth – forecast to reach 2.3% in 2025 – by 0.9% if retaliatory measures are imposed, […]