President Trump's trade war is causing the global economy to slow, with growth now heading for its weakest pace since the COVID-19 pandemic, the OECD warned on Tuesday. The OECD cut its forecasts for most G20 economies and warned that easing trade tensions is key to boosting investment and keeping prices stable.

The Trump administration has asked a U.S. appeals court to block a recent ruling declaring its sweeping tariffs illegal. The White House stated in an emergency motion to the D.C. Circuit Court of Appeals that stopping the tariffs poses a danger to crucial trade talks already underway with dozens of countries.