Fitch Ratings: US tariff rates return to 1909 levels, Federal Reserve may be more cautious about cutting interest rates

Odaily Planet Daily reported that Fitch Ratings stated that due to higher than expected tariffs, US economic growth in 2025 may be lower than the March forecast of 1.7%. The increase in tariffs will lead to higher prices for US consumers and lower profits for companies. "Liberation Day" will bring US tariff rates back to 1909 levels, and the upward pressure on commodity prices from tariffs means that the Federal Reserve may become more cautious about further interest rate cuts in the near future. With the increase of US tariffs, some sovereign countries with high export value-added levels may face downward pressure on their ratings. (Golden Ten)