The Global Economic Impact of Tariffs

Trade tensions

In recent years, escalating trade tensions and the imposition of tariffs have significantly disrupted global markets.According to a report by the Boston Consulting Group (BCG) and HSBC, protectionist policies could cost the worldwide economy up to $10 trillion annually by 2025, primarily due to reduced global merchandise trade .

The Organization for Economic Cooperation and Development 

The Organization for Economic Cooperation and Development (OECD) has also warned that a 10-percentage-point increase in tariffs could reduce global economic output by 0.3% from 2026, leading to higher inflation and lower real incomes in major economies .

Trade barriers

These trade barriers have led to a decline in global GDP, with projections indicating a reduction of up to 3% over two years . Developing nations, heavily reliant on exports, are particularly vulnerable, facing decreased export revenues and hindered economic growth .

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For more information or to schedule a consultation, please contact us at info@goldpeakcapital.org. Let Gold Peak Capital be your trusted partner in navigating the complexities of today’s financial landscape.