The Organisation for Economic Co-operation and Development (OECD) reports that rising U.S. tariffs on imports are expected to slow global economic growth and increase inflation. The OECD’s quarterly report revised growth forecasts downward for most major economies, notably Mexico and Canada, due to higher export barriers to the U.S. Global economic growth is now projected at 3.1% for 2025 and 3% for 2026, down from earlier forecasts of 3.3%.