The Asian Development Bank (ADB) lowered growth forecasts for developing Asia and the Pacific due to U.S. tariffs, trade tensions, and geopolitical risks. The 2025 growth forecast was reduced to 4.7% from 4.9%, and the 2026 forecast was trimmed to 4.6% from 4.7%. Southeast Asia is expected to slow the most, with 2025 growth projected at 4.2% and 2026 at 4.3%. The ADB emphasized the need for regional integration to mitigate risks.

Global trade tensions, driven by protectionist policies under the Trump administration, are disrupting construction supply chains, increasing material costs, and creating operational challenges for firms in the US, UK, and Europe. Tariffs on steel, aluminum, timber, and copper have intensified supply chain volatility, while sustainability targets and labor shortages further strain the industry.

President Donald Trump's fluctuating tariff policies and stricter visa enforcement are creating challenges and increased costs for international automotive technology companies seeking to expand into the United States.

A report from Swiss Re Ltd. warns that U.S. tariff policy will slow global economic growth by reducing trade and increasing uncertainty. The report forecasts global inflation-adjusted GDP growth to slow to 2.3% in 2025 and 2.4% in 2026, with the insurance industry's premium growth also expected to decline. U.S. consumers are projected to face higher prices, impacting domestic GDP growth.

A report from Swiss Re Ltd. warns that U.S. tariff policy will slow global economic growth by reducing trade and increasing uncertainty. Global GDP growth is projected to slow to 2.3% in 2025 and 2.4% in 2026, while the insurance industry's premium growth is expected to decline. U.S. consumers are anticipated to face higher prices, further impacting domestic growth.