World Economy Yet To Feel Full Force Of Trump Tariffs Oecd Say
Bloomberg4 days
OECD Warns of Tariff Impact Despite Resilient Global Growth
Above: A container terminal in Shanghai, China, on Sept. 8, 2025. Image copyright: LONG WEI/Feature China/Future Publishing/Getty Images
The Spin
Anti-Trump narrative
While the global economy has so far managed the shock of Trump’s trade policies, the worst is yet to come. With front-loading coming to an end and the geopolitical climate tense, global growth will almost certainly slow as consumer demand, trade growth and investment weaken. Governments must cooperate, therefore, to ensure the best economic outcome for everyone.
Pro-Trump narrative
Rather than a hindrance, tariffs are a vital economic tool for any country with ambitions to safeguard its national economy. Import duties notably protect domestic industries from cheap imports that would otherwise destroy them, allowing them to develop. In today’s world, then, tariffs are necessary for any nation — not just the U.S. — seeking to avoid dependence on Chinese imports.