Higher U.S. tariffs on imports are set to slow economic growth and push inflation higher around the world, with further increases threatening an even more severe downturn.

President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate,

A new report from the Organisation for Economic Co-Operation and Development finds tariffs imposed by President Trump are slowing down economic growth on a global scale.