Deutsche Bank: US tariffs will push up inflation and drag down the economy

According to BlockBeats, on March 4th, economists Bernd Weidensteiner and Christoph Balz from Deutsche Bank stated that President Trump's tariff measures not only could push up inflation in the United States, but are also increasingly likely to become a risk to economic growth. Economists stated in a report that consumer confidence has been under pressure recently, and the latest tariff measures are unlikely to bring much relief. The price components and other indicators in the Purchasing Managers' Index show that commodity prices have once again experienced strong increases. In 2024, Mexico and Canada will account for 28% of US goods imports, while China will account for 13.4%. This means that 41.5% of US imports will be affected by a significant increase in tariffs. They added, "This will have an impact on prices." (Jin Shi)