The OECD forecasts a strong economic slowdown and greater inflation in the United States, citing tariffs

It is likely that the economic growth of the United States reaches brakes this year, with dramatically slowed GDP due to the impact of the Trump administration tariffs and uncertainty Around its economic policies, the Organization for Economic Cooperation and Development, or the OECD, said Tuesday.

It is forecast that GDP growth will slide to 1.6% in 2025 and 1.5% next year, a strong growth reduction of 2.8% recorded last year, according to the OECD, an international organization of 38 member countries that focuses on promoting economic growth.

Although the American forecast of the OECD did not mention President Trump by his name, the report cited the new tariffs as one of the main causes of the economic deceleration. He Trump administration policieswhich have introduced new import tariffs in almost all foreign nations, the effective tariff rate has increased to 15.4% from 2% last year, marking the highest rate since 1938, the group said.

Because American importers pay tariffs such as Walmart, these costs are largely transmitted to consumers in the form of higher costs, which leads OECD to forecast that inflation in the United States “will increase by mid -2025” and will reach 3.9% at the end of 2025.

The consumer price index pass 2.3% in April, since rates to a large extent had not yet affected prices at that time.

Not to mention Mr. Trump, the OECD chief economist, Álvaro Pereira, wrote in a comment that accompanied the prognosis that “we have seen a significant increase in commercial barriers, as well as in the uncertainty of economic and commercial policy. This strong increase in uncertainty has negatively affected the confidence of business and consumers and is established to stop trade and investment.”

The report added that the United States faces risks “biased at the disadvantage, including a more substantial deceleration of economic activity against political uncertainty, a more anticipated ascending pressure on the prices of rate increases and the great corrections of the financial market.”

It is also forecast that world economic growth will decrease 2.9% this year and remain there in 2026, according to the OECD forecast. That would mark a substantial growth of the growth of 3.3% global growth last year and 3.4% in 2023.

The Association press contributed to this report.

• Economy