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S&P lowers GDP growth forecast after tariffs

S&P Global, a credit-rating agency, lowered its global economic forecasts in response to President Donald Trump's effort to re-order global trade with tariffs. 

"The jump in U.S. import tariffs, trading partner retaliation, ongoing concessions, and subsequent market turbulence constitute a shock to the system centered on confidence and market prices," S&P Global Ratings Global Chief Economist Paul Gruenwald said. "The real economy is sure to follow, but by how much?" 





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