U.S. Congressional Budget Office warns Trump tariffs will trigger an unexpected economic slowdown

The U.S. Congressional Budget Office has sharply lowered its U.S. economic growth forecast in 2025 from 2.1% to -0.7%, saying Trump's tariffs are the main driver of inflation and trade disruptions. The report warns that under the influence of policy uncertainty, consumer spending will be eroded, supply chains will be tight, and corporate investment will be curbed. Gold and silver prices soared as investors sought inflation hedge tools.