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Tag: OECD Tariff Warning
OECD Tariff Warning: Examining U.S. Trade Authority and Economic Consequences
OECD Tariff Warning: The OECD’s March 2025 Interim Economic Outlook sounded a clear alarm: new U.S. tariffs may choke growth and fan inflation domestically and abroad. Specifically, the OECD projects U.S. real GDP growth slipping from roughly 2.8 percent in 2024 to about 2.2 percent in 2025, with inflation climbing toward 4 percent—well above other G20 peers. This dual threat arises as the Biden Administration invokes Section 232 of the Trade Expansion Act of 1962 to impose levies on steel and aluminum, alongside expanded Section 301 tariffs on Chinese goods. These measures were justified on national security and unfair practices grounds, yet they spark heated debate over constitutional authority, executive prerogative, and America’s global standing.