The U.S. economy will grow 1.8% this year, the IMF said in its World Economic Outlook, down .9% from January and a full percentage point from last year's projection. The global institution does not expect the U.S. to dip into a recession, but said the odds now have risen from 25% to 37%.

The pre-2025 international trade regime benefited the United States. The country has lost ground to China but remains the second-largest exporter in the world. We’re the wealthiest country in the world by GDP, with an economy growing faster than any of our friends’ and peers’.