Trump trade wars are slowing global growth and fuelling inflation, says OECD
GuardianMAR 17
OECD Downgrades Global Growth, Increases Inflation Forecasts
Above: US Pres. Donald Trump speaks to reporters aboard Air Force One while flying to Washington, DC, from Florida, on March 16, 2025. Image copyright: Jens Kalaene/Contributor/picture alliance via Getty Images
The Spin
Anti-Trump narrative
Trump's tariffs have had a disastrous impact on the global economy, and the latest OECD downgrades in growth and upgrades in inflation underscore this failure. Instead of bolstering American prosperity, these protectionist measures have only fueled uncertainty, raised costs for businesses and consumers, and disrupted global supply chains. Trump’s misguided policies are hurting the world, not helping it.
Pro-Trump narrative
Trump’s tariffs are a smart strategy to protect American jobs and industries. The latest data showing job growth, particularly in manufacturing, proves these policies are working. By prioritizing American businesses and holding foreign competitors accountable, Trump is revitalizing sectors that had been in decline for years. While the transition may take some time, Trump's long-term strategy will see real rewards for the US economy.