Gross Domestic Product

Trump’s Tariffs Expected to Drag Down the Global Economy

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

By Melissa Eddy

Customs (Tariff) Economic Conditions and Trends European Commission European Union Germany Gross Domestic Product International Trade and World Market

Tariff Uncertainty Threatens to Drag Down Europe’s Economic Growth

The European Union scaled back its forecast for growth in 2025 by nearly half a percent, as the jump in tariffs and surrounding chaos bite.

By Melissa Eddy

Commerce Department Consumer Behavior Customs (Tariff) Gross Domestic Product Trump, Donald J United States Economy

U.S. Economy Shrank in First Quarter as Trump Tariffs Loomed

Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.

By Ben Casselman

American University Federal Aid (US) Gross Domestic Product Innovation Personal Finances Recession and Depression Research Science and Technology Trump, Donald J United States Economy United States Politics and Government

Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows

Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.

By Ben Casselman