Deutsche Bank economists Bernd Weidensteiner and Christoph Balz said that U.S. President Donald Trump's tariff measures are not only likely to drive up inflation in the United States, but are increasingly likely to become a risk to economic growth.
Consumer confidence has come under pressure recently and the latest tariffs are unlikely to bring much relief, economists said in a report. Indicators such as the price component of the purchasing managers' index point to another strong rise in commodity prices. Mexico and Canada account for 28% of US merchandise imports in 2024 and China for 13.4%, meaning that 41.5% of US imports are affected by a significant increase in tariffs. They added: This will have an impact on prices. (Jin Ten)
Deutsche Bank: US tariffs will drive up inflation and weigh on the economy
2025-03-04 09:40:19
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