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IMF report: Trump trade war will hurt both U.S. and global economies

Reason Magazine
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International Monetary Fund says trade war will negatively affect U.S. and global economies.

IMF says global growth is projected to drop to 2.8 percent in 2025 and 3 percent in 2026 .

Inflation is likely to get worse as a result of tariffs and restrictionist trade policy.

The IMF put the odds of a recession this year at 37 percent .

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