IMF Warns Trump Tariffs Will Weaken Economy and Increase Inflation

News Snapshot:

The world economy is expected to grow slower this year and experience higher inflation than previously anticipated, according to new forecasts to be released by the International Monetary Fund that will show the global fallout of the U.S. trade war. The growth projections, to be released early next week, will offer the clearest indication to date of the damage that President Trump’s economic policies are having on global output. Since taking office in January, Mr. Trump has imposed a wide range of tariffs on most of America’s trading partners, while ratcheting levies even higher on imports from China, Canada and...