According to JPMorgan, customs customs can reduce the growth of the United States to 1 % and inflation may increase the following record.
JPMorgan warns that customs taxes in the US will have a significant impact on both economic growth and inflation. The chief economist of the US Bank Michael Feroli said that tariffs could delete one point from GDP and add 1-1.5 % to inflation, and some of these increase have been implemented. Feroli emphasized that this year's tariff increases are “more than all that the US has seen in the later stage”, while attracting attention to the uncertainty of increased costs will be reflected for consumers. JPMorgan predicts that the impact on growth will be felt mainly through consumption, which can cause a 1 % reduction in GDP in the second half of the year. Other estimates show that the Pre -Keariffs began to end, the effective tax rate increased from 3 percent to 18 % at the beginning of the year and the wishes of companies to absorb costs decreased. Although inflation is not expected to be out of control, economists predict that the monthly core price increase will be in the range of 0.3 %to 0.5 %, which can lead to an increase in the feeding index between 3 %.
