The global economy will be hit hard by Trump's tariffs, IMF warns

President Trump announced his latest tariffs at a Rose Garden event at the White House in Washington, D.C., on April 2. The International Monetary Fund cut its forecasts for the global economy this year, citing the risks from an all-out trade war.

The International Monetary Fund slashed its growth forecasts for the global economy to 2.8% as President Trump's tariffs risk sparking a trade war.

(Image credit: Chip Somodevilla)