The combination of US tariff barriers and Hormuz-driven shipping reroutes has added weeks to delivery times and billions in freight costs, with global goods trade in Q1 2026 recording its sharpest quarterly contraction since the pandemic.
Tag: tariffs
Posted inEconomy
IMF warns Iran war and tariffs are choking the global recovery
The Fund’s April 2026 World Economic Outlook identified a new combined threat to growth: persistent US tariff disputes layered on top of a Middle East energy shock that has upended the low-inflation environment central banks spent three years building.