Trump’s trade war will hit US prosperity hard, IMF warns
- Karl Cassell
- Apr 22, 2025
- 1 min read

President Donald Trump's expansive tariff policies have significantly disrupted the U.S. and global economies. The International Monetary Fund (IMF) has downgraded U.S. growth projections to 1.8% for 2025, citing increased recession risks and inflationary pressures . Tariffs ranging from 25% to 145% on imports have unsettled markets, leading to a 12% drop in the S&P 500 and a surge in gold prices as investors seek safe havens . The IMF warns that these protectionist measures could destabilize global financial systems and hinder economic growth . Despite intentions to bolster domestic industries, the tariffs have introduced economic uncertainty, affecting businesses and consumers alike.
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