Trade war leads to lowered OECD global outlook

News Snapshot:

U.S. President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the White House, Friday, May 30, 2025, in Washington. (AP Photo/Evan Vucci) PARIS -- Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the U.S. economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3 per cent last year to 2.9 per cent in 2025 and 2026, the Organization for Economic Cooperation and Development said,...