Internet reports that JPMorgan Chase chief economist Michael Feroli said in a report that Trump's tariffs will bring considerable revenue, but at the expense of higher prices, which may affect consumers 'purchasing power. "On a static basis, the tariffs announced today will add nearly $400 billion in revenue, or approximately 1.3% of GDP," he wrote. We estimate that the measures announced today could increase personal consumption expenditure prices by 1-1.5% this year, and we believe the inflationary impact will be realized by the middle of the year. The resulting blow to purchasing power could lead to negative growth in real disposable personal income growth in the second to third quarters, leading to a possible contraction in real consumer spending in those quarters as well. This impact alone could put the economy in danger of recession." (Jin Shi)