The U.S. plans to significantly increase tariffs, which may raise inflation and suppress economic rise.

[Chain News] PANews, July 23 – According to reports, David Mericle, the chief economist of a certain bank in the U.S., expects that the basic "reciprocal" tariff rate in the U.S. will rise from 10% to 15%, with tariffs on copper and key minerals reaching 50%. This move may exacerbate inflationary pressures and suppress economic growth. To reflect the new tariff assumptions and incorporate the impact of import tariffs in the "initial observations," the bank has simultaneously adjusted its forecasts for U.S. inflation and GDP growth. The bank has lowered its core inflation forecast for 2025 from 3.4% to 3.3%, raised its forecast for 2026 from 2.6% to 2.7%, and raised it for 2027 from 2.0% to 2.4%. Mericle stated that the tariffs are expected to cumulatively push up core prices by 1.7% over 2-3 years. He added that the tariffs will reduce GDP growth by 1 percentage point this year, by 0.4 percentage points in 2026, and by 0.3 percentage points in 2027. The bank has accordingly lowered its GDP growth forecast for 2025 to 1%.