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Fallout from Trump trade war takes toll on U.S. economy, OECD says, as it lowers global outlook

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Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨cm0002@lemmy.world⁩ to ⁨economics@lemmy.world⁩

https://www.bnnbloomberg.ca/business/economics/2025/06/03/oecd-lowers-global-outlook-as-trump-trade-war-hits-us-growth/

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  • wise_pancake@lemmy.ca ⁨2⁩ ⁨days⁩ ago

    Just wait for section 899 of the new budget bill to kick in.

    $500B of foreign investments will start exiting US markets and we (non Americans) will start seeing taxes on US digital services get ratcheted up in retaliation.

    I’ve already exited a significant portion of my US positions to front run this.

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