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

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南方财经全媒体记者 杨雨莱 广州报道

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."

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