The IMF projects the U.S.'s overall federal deficit will dip to 6.5% of gross domestic product this year, down from 7.3% in 2024 The multinational fund cited higher tariff revenues for the decline The IMF highlighted uncertainty surrounding the rollout of higher tariffs and potential revenue increases The International Monetary Fund forecasts U.

The International Monetary Fund says US tariffs and market uncertainty will lead to a significant worldwide slowdown.

"If sustained, this abrupt increase in tariffs and attendant uncertainty will significantly slow global growth," the IMF wrote.