South Korea’s top economic think tank slashed its growth forecast for the country’s economy for the second time in four months on Tuesday, expressing concern about the impact of U.S. President Donald Trump’s expanding tariffs.

Economists surveyed by Bloomberg lowered their estimates for South Korea’s economic growth two weeks before the central bank meets to decide policy, an event that looks less like a slam-dunk rate cut after the governor left the door open to another hold.

South Korea's top economic think tank slashed its growth forecast for the country's economy for the second time in four months on Tuesday, expressing concern about the effects of U.S. President Donald Trump's expanding tariffs.

Korea’s state-run think tank cut its growth outlook for this year by 0.4 percent points to 1.6 percent, citing martial law-driven political turmoil and heightened U.S. policy uncertainties.