The impact that Trump’s tariffs can generate, despite the comings and turns, can be “severe,” according to Barclays analysts.
The world economy It will grow at a slower pace in 2025 due to the impact of the tariff plans of the US president, Donald Trump, According to a Barclays report. In a client note, the broker warned that the uncertainty about these measures is affecting both business planning and consumer behavior, which It will generate inflationary pressures and a deceleration in demand.
Barclays decreased in the decline its global growth projection for this year, placing it in 2.9%, below the 3.3% registered in 2024. Analysts pointed out that supply chains are at risk of significant disruptionswhich would raise costs and decelerate economic activity.
Donald Trump Tariffs
The “severe” impact of Donald Trump’s tariffs
From his return to the White House in January, Trump hardened his commercial policy, raising tariffs to China to 30%, applying a 25% tax to steel and aluminum and imposing new rates for car imports from April 3. In addition, he threatened to extend these measures to other sectors to counteract the impact of their proposals for tax reduction and stimulate the US manufacturing industry.
Yes ok Barclays does not expect all tariff threats to materialize, warn that the potential impact on the global economy could be severeeven for the USA. In this context, the Investment Bank declared to feel “restless” with risk assets “for the first time in several quarters”, recommending investors opt for bonds instead of shares.
“With just a few months after the year, the global economy is under the direct threat of the US tariff policy and the effects will hardly be positive,” Barclays concluded in his report.
Source: Ambito
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