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Global Trade Contraction & Growth Slowdown "Unilateral tariffs trigger retaliatory measures, slashing global trade growth from 3.3% (2024) to 1.6% (2025), equivalent to erasing Spain’s entire economy ($1.7 trillion loss) 13. IMF projects 2025 global GDP at $113.8T, down $1.7T from pre-tariff forecasts
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