Trump Tariff 2.0 | Adam Slater: Tariffs Will Cut U.S. GDP and Raise Inflation

南方財經全媒體記者 楊雨萊 廣州報道

On what the U.S. President Donald Trump has dubbed "Liberation Day," he announced a universal "baseline" 10% tariff on all imports into the U.S., with different countries facing even higher tariffs.In an interview with SFC, Adam Slater, Lead Economist at Oxford Economics indicated that according to their initial modeling suggests that the tariffs that have been announced will cut U.S. GDP growth from 2% that we had previously to 1.4% this year. He emphasized that this is the additional effect. The U.S., on that basis, will narrowly avoid a recession, and these new tariffs will raise core inflation from 3.1% in our original baseline to 3.9%. "Now, just to be absolutely clear, the effects could be bigger."