Fitch: Rising trade tariffs and policy uncertainty will weaken the global rise outlook.

On June 10, Fitch said that rising trade tariffs and policy uncertainty will weaken global growth prospects and increase the risk of tighter financial conditions. Public finances and political risks remain elevated. The escalation of the global trade war, the uncertainty of the end point of tariffs and their impact on global trade volumes, supply chains, investment and international relations constitute significant negative shocks to the global economy. Uncertainty about the extent and timing of the impact on prices and economic activity further exacerbates uncertainty about the Fed's policy rate path and the risk of volatile financing conditions.