Morgan Stanley strategist: Trump's additional tariffs may raise concerns about risks to US economic growth

According to Jin Shi, Tai Hui, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management, believes that the additional tariffs imposed by Trump on his global partners may raise the average tariff rate in the United States to its highest level since the early 20th century. Tai said that if these tariffs continue, they will have a substantial impact on inflation as the US manufacturing industry strives to increase production capacity and shift costs to consumers through supply chains. He added that the scale of these tariffs has raised concerns about the risks to US economic growth, as domestic consumers may cut spending due to rising import prices. He added that due to the uncertainty of the comprehensive impact of tariffs and potential retaliatory measures from trading partners, companies may also postpone capital expenditures.