The International Monetary Fund warned on Tuesday that the global economy is set to enter a “new era” marked by “significantly” slower economic growth caused by tariff chaos and uncertainty brought about by President Donald Trump. 

“The global economic system under which most countries have operated for the last 80 years is being reset, ushering the world into a new era,” the financial agency wrote in a blog post. The IMF noted the flurry of tariffs Trump has levied or threatened against hundreds of countries and major trade partners. 

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