Trump tariffs: IMF upgrades US & global economy growth outlook; but cautions on impact of trade tensions flaring up

The IMF has raised its US and global growth forecasts, noting tariffs' less severe impact than expected due to trade deals and supply chain adjustments. However, rising inflation and cautious business sentiment suggest temporary relief, with costs likely to shift to consumers.

Trump tariffs: IMF upgrades US & global economy growth outlook; but cautions on impact of trade tensions flaring up
The IMF has raised its US and global growth forecasts, noting tariffs' less severe impact than expected due to trade deals and supply chain adjustments. However, rising inflation and cautious business sentiment suggest temporary relief, with costs likely to shift to consumers.