[Citi: Suspension of Tariffs Cannot Resolve Dilemma; US Still Faces Economic Slowdown and Inflation] According to Securities Times on April 10th, Citi economist Andrew Hollenhorst believes that the suspension of tariffs on most trading partners by the US does not mean that the US economy has avoided slowdown and rising inflation. The 10% basic tariff that remains effective during the 90-day suspension of reciprocal tariffs, as well as the tariffs targeting specific industries, still increase the US's effective tariff rate by approximately 21 percentage points compared to the level at the beginning of this year. The uncertainty in trade will continue to exist. Citi still expects the Federal Reserve to cut interest rates in May or June.
Original article: https://www.toutiao.com/article/7491437218347647527/
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