But the damage was limited, the IMF said, partly because many U.S. importers scrambled to bring in foreign goods before Mr. Trump's tariffs took effect and partly because Mr. Trump ended up suspending his biggest levies (including a 145% duty on Chinese goods).
IMF upgrading outlook for global economy, citing less-than-expected damage from Trump's trade wars
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IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%.
Gold hits a new high as economic uncertainty deepens. Here's what to know
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