The OECD cut its forecast for US economic growth in 2025 from 2.8% to 1.6%.It cited President Donald Trump's tariffs, which had pushed the US import rate to the highest level since 1938.Global growth is also set to slow as trade tensions disrupt investment and inflation rises,

The rulings against the levies in two federal courts – the U.S. Court of International Trade and the U.S. District Court in Washington, D.C. -- centered on Trump's unprecedented invocation of the International Economic Emergency Powers Act as a legal justification for tariffs.

The business community in southern Arizona is grappling with tariffs on imports and federal policies impacting tourism, retail and manufacturing.