IMF: Tax cuts will boost now but will hurt growth later.

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WASHINGTON International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next.

But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.

In its annual assessment of the U.S. economy, the 189-nation IMF released a critical report that warned of adverse consequences from a number of administration policies, including its plans to impose punitive tariffs on major U.S. trading partners in an effort to reduce America’s huge trade deficits.