Deutsche Bank: US tariffs will push up inflation and drag down the economy "
According to online reports, Deutsche Bank economists Bernd Weidensteiner and Christoph Balz said that US President Trump's tariff measures may not only push up inflation in the United States, but are also increasingly likely to become a risk to economic growth. Economists said in a report that consumer confidence has been under pressure recently and the latest tariff measures are unlikely to bring much relief. Indicators such as the price component of the purchasing managers 'index showed that commodity prices rose strongly again. In 2024, Mexico and Canada accounted for 28% of U.S. merchandise imports, and China accounted for 13.4%, which means that 41.5% of U.S. imports are affected by significant increases in tariffs. They added: This will have an impact on prices. (Jin Shi)
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