The World Bank has publicly endorsed President Trump’s concerns about high tariffs on American exports, urging international partners to reduce trade barriers to stimulate global economic growth. This stance comes alongside a downward revision of the U.S. economic growth forecast to 1.4 percent, attributed to trade imbalances and tariff-related disruptions.
Persistent trade tensions have slowed U.S. economic expansion and increased volatility in global markets, prompting the World Bank to advocate for multilateral cooperation in lowering tariffs. In contrast, the institution maintained China’s stable growth projection at 4.5 percent, highlighting divergent economic trajectories between the two nations.
Amid this cautious economic outlook, Bitcoin is experiencing significant speculative interest with price projections reaching $120,000. Analysts suggest the cryptocurrency’s potential surge reflects growing investor sentiment that digital assets could serve as a hedge against traditional market instability exacerbated by trade conflicts.