The Tale Of Tariffs Round Two For The U.S. Economy
2025-04-09 03:30:00 ET
Summary
- With the latest round of US tariff measures announced in early April, we’ve downgraded our US economic outlook.
- The April tariffs have boosted the effective tariff rate by roughly 25% from last year, which we expect will push prices for US consumers and businesses higher.
- At this point, we expect a slowdown, but it’s important to remember that the starting point for the US economy is strong.
- If the economy slows, as we expect it will, the Fed will be inclined to cut rates even if price levels are high.
By Eric Winograd
How might the recently announced US trade measures translate into economic reality? ...
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