The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising trade tensions would further slow growth.

Trump’s tariffs are forecast to slow the global economy sharply this year, the International Monetary Fund said.

The U.S. and global economies will likely slow significantly in the wake of U.S. President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.