World Bank Says U.S. Economic Growth to Halve This Year

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  The World Bank predicts U.S. economic growth this year will be half of what it was last year as a result of President Trump's tariff policy.

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  The World Bank warns that big further increase in tariffs from where they were at the end of May.

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  would slow the economy fairly significantly.

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  The cut in tariffs would actually have less of a positive impact.

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  The reason for that is because there would still be an awful lot of uncertainty.

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  Plus,

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  members of Congress and their families made hundreds of stock trades as U.S. tariffs were being rolled out.

• 00:37

  And President Trump warns protesters in other cities as Marines arrive in an on-edge Los Angeles.

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  It's Tuesday, June 10th.

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  I'm Alex Osola for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  The U.S. economy might grow half as much as initially predicted this year.

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  while the global economy is set to suffer a more modest but still significant slowdown.

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  That's according to a new estimate from the World Bank out today.

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  For more, I'm joined by WSJ economics editor Paul Hannan.

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  So in its January report, Paul, the World Bank...

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  forecast a 2.3% increase in U.S. gross domestic product.

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  Now it's expecting just a 1.4% growth,

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  which is a sharp decrease from the 2.8% growth in 2024.

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