04-April-2025
Economy News
 
Russian Central Bank Warns US Tariff Hikes May Slow Global Growth
03-Apr-2025

U.S. tariff hikes may slow down world economic growth and fuel inflation, and oil prices could be lower than forecast for several years as a result of reduced global demand, the Russian central bank said on Wednesday. President Donald Trump was set to impose sweeping new tariffs on Wednesday as he proclaimed "Liberation Day" in the U.S., escalating a trade war with global partners, risking cost increases and upending a decades-old trade order.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-02/russian-central-bank-warns-us-tariff-hikes-may-slow-global-growth