Trump's former adviser reveals his 'master plan' for China | LBC
April 22, 2025
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6:03Now PlayingTrump's former adviser reveals his 'master plan' for China | LBC
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as posted by the channelUS tariffs leading to global trade disruption and unprecedented uncertainty are set to significantly slow growth in economies around the world, the International Monetary Fund (IMF) has warned.
Andrew Marr was joined by former Trump adviser, Bryan Lanza, to discuss what Donald Trump will do next.
The latest World Economic Outlook report was produced under "exceptional circumstances", with the IMF being forced to change its projections after US President Donald Trump unveiled a range of new and higher tariffs earlier this month.
The IMF's top economist, Pierre-Olivier Gourinchas, said: "While many of the scheduled tariff increases are on hold for now, the combination of measures and countermeasures has hiked US and global tariff rates to centennial highs.
"For this reason, we expect that the sharp increase on April 2 in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term."
Global growth is projected to fall from 3.3% in 2024 to 2.8% in 2025, before edging up to 3% in 2026.
This is lower than the IMF's previous forecasts, published in January, by 0.5 percentage points for 2025 and 0.3 percentage points for 2026.
The outlook for nearly all countries has been downgraded, reflecting the direct effect of new trade measures and the knock-on impact on uncertainty, which has surged to "unprecedented" levels, and deteriorating sentiment among consumers and businesses.
The UK economy is predicted to grow by 1.1% this year, 0.5 percentage points less than January's forecast, partly reflecting tariffs, as well as weaker consumption amid higher inflation driven by bills and energy price hikes.
Growth will nonetheless be stronger in the UK than Germany - which is predicted to flatline this year - France, and Italy.
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#andrewmarr #trump #tariffs #china #xijinping #trade #globaleconomy #economy #uspolitics #usa #LBC
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