The World Bank has downgraded its global economic growth forecast due to President Trump's trade policies, warning of a potential recession. Despite the slowdown, the global economy is not expected to enter a recession, but the trade tension could lead to the weakest growth in decades. Developing countries are urged to lower trade barriers to stimulate growth, with the United States facing a significant downgrade in output projections. China's growth is also expected to slow due to the trade war, prompting further negotiations between the two countries.
Source: https://www.nytimes.com/2025/06/10/business/trump-trade-war-global-economy.html