The Organization for Economic Cooperation and Development predicts a sharp economic slowdown and high inflation in the United States, pointing to the customs tariff

American economic growth is likely to reach brakes this year, with GDP slowed dramatically due to the Trump administration’s impact Definitions and uncertainty About its economic policies, the Organization for Economic Cooperation and Development, or OECD, He said Tuesday.

GDP growth is expected to slide to 1.6 % in 2025 and 1.5 % next year, a sharp decrease in growth of 2.8 % registered last year, according to an international organization that includes 38 member states focusing on enhancing economic growth.

While the expectations of the United States of America did not mention President Trump by name, the report was martyred in the new tariffs as one of the main reasons for economic slowdown. the Trump administration policiesThe group said that new import duties on almost every foreign country have raised the effective tariff rate to 15.4 % of 2 % last year, which represents the highest rate since 1938.

Since the definitions paid by American importers such as Walmart, these costs are largely transferred to consumers in the form of higher costs-which causes the Organization for Economic Cooperation and Development to predict that inflation in the United States will “rise in mid-2015” and reaches 3.9 % by the end of 2025.

Consumer price index Right by 2.3 % in April, because the customs tariff has not yet affected the prices at that point.

Without Mr. Trump, the writers of the Economists of the Organization for Economic Cooperation and Development, Alvaro Pereira, wrote in a comment that accompanied the prediction that “we have witnessed a significant increase in commercial barriers as well as in economic and commercial uncertainty. This sharp rise in uncertainty has negatively affected the confidence of work and consumption, and has been appointed to adhere to trade and investment.”

The report added that the United States is facing “deviant to the negative side, including a more fundamental slowdown in economic activity in the face of uncertainty in politics, and the greatest upward pressure than expected on prices than increases in customs tariffs, and the large financial market corrections.”

Global economic growth is also expected to slow to 2.9 % this year and stay there in 2026, according to the expectations of the Organization for Economic Cooperation and Development. This would represent a great slowdown in the growth of 3.3 % of global growth last year and 3.4 % in 2023.

Associated Press

He contributed to this report.