Canada and Mexico growth forecasts were cut by OECD

US President Donald Trump’s growing trading tariffs will raise world growth and inflation, and the latest forecast was forecasted by OECD.

Those who see the biggest impact on Canada and Mexico, but the increase in us is expected to increase.

OECD, for this year and the next, there are more than a reduction in the growth world for Canada, which awaits Mexico to be pushed in decline.

Trump, all steel and aluminum imports applied a 25% tariff. The United States also applied 25% tariffs from Mexico and Canada to another – 20% of the costs in China.

In response, the Canada and the EU have both declared the tariffs of revenge.

OECD, located in Paris, said that higher trading barriers and “increased geopolitical and political uncertainty” investment and household expenditure.

In the last forecast of OECD:

• Canada’s economy is projected to increase only 0.7% compared to the previous forecast for both years and 2026
• Mexico is now projected to sign 1.3% contract this year and increase 1.6% before increasing 1.2% and 1.6% next year
• In the United States, an increase was reduced this year, 2.2% this year and in 2025 by 1.6%, 2.4% and 2.1%
• Despite the use of tariffs in the United States, OECD increased the growth forecast for up to 4.8%.

OECD said that the developing trade war was established to push inflation, which will be the probability that interest rates remain higher.

“Significant risks remain,” he said. “The further split of the global economy is the main concern.

“Higher and more extensive growth in trade barriers will grow around the world and add inflation.

OECD growth for the world economy in 2024 in 2025, the increase in 2025 will slow down 3.2% to 3.1% from 3.2% to 3.1%.

At the same time, inflation said that the price is expected – the price of price – continues to continue slowly, even if not expected.

The organization predicts 3.8% of inflation in this year compared to the world’s largest economy, compared to 3.5%.

Last week, Elon Musk warned electric car firm Tesla These and other US exporters can hurt by the trade battle.

In a letter to the United States Trade Representative, the company, if the company revealed Trump’s tariffs, these exporters said “disproportionate”.

OECD reduced the UK’s economy in 2025, 1.4% in 2026, up to 1.45 in 2025 in 2025.

However, the forecast is more optimistic than the UK Bank, which reduces Britain’s growth forecast to 2025 to 0.75% before this month.