US, global economic outlook worsens in the face of Trump’s tariffs, IMF says

News Snapshot:

WASHINGTON (AP) — The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate. U.S. economic growth will come in at just 1.8% this year, down sharply from its previous forecast of 2.7% and a...