Tariffs Will Hit Slowing U.S. Economy Hard in 2026

“The U.S. and global economies are set to slow less sharply this year than previously expected, but will continue to lose momentum in 2026 as higher tariffs take an increasingly large toll on activity, the Organization for Economic Cooperation and Development said Tuesday,” the Wall Street Journal reports.

“In a quarterly report, the Paris-based research body forecast the U.S. economy will grow 1.8% this year and 1.5% next year, having expanded by 2.8% in 2024.”