Just three months ago, leading economists from 50 countries anticipated stable growth for the global economy. However, the tariffs imposed by the Donald Trump administration came as a surprise to financial markets, causing massive fluctuations and losses on stock exchanges, as well as undermining investor confidence in American assets, including the dollar.
This is reported by Business • Media
Impact of Tariffs on the Global Economy
Although Trump temporarily suspended the most severe tariffs for most trading partners, a 10% tariff and a 145% tariff on imports from China—the largest trading partner of the U.S.—remain in effect. This has raised concerns among the global business community, as a country once considered a reliable partner is now perceived as an unstable participant in international agreements.
Negative Impact and Outlook
“None of the more than 300 economists surveyed in April believe that the tariffs have positively affected the business climate. 92% of respondents noted a negative impact, while only 8% reported a neutral effect, primarily from representatives of emerging markets like India.”
According to the survey, 60% of experts (101 out of 167) consider the risk of a recession in 2025 to be high or very high. Even if the tariffs are partially or fully lifted, significant damage has already been done, as the global economy now views the U.S. as a less reliable trading partner.