US tariff policy lowers global economic expectations

The World Bank recently lowered its global economic growth forecast for 2025 from 2.7% in January this year to 2.3%, and also lowered the growth rate forecast for nearly 70% of economies, becoming another mainstream international institution bearish on global economic growth prospects.

Since the beginning of this year, multiple international institutions have lowered or even repeatedly lowered their global economic growth expectations, generally citing uncertainty in US trade policies as an important reason. Economists believe that a series of unilateral tariff policies by the US government have impacted the global economic and trade order, brought huge uncertainty to the global market, and exacerbated global economic risks.