Commerzbank: U.S. tariffs will push up inflation and weigh on the economy

Odaily Planet Daily News: Bernd Weidensteiner and Christoph Balz, economists at Commerzbank, said Trump's tariff measures could not only push up inflation in the United States, but are increasingly likely to become a risk to economic growth. Economists said in a report that consumer confidence has been under pressure recently and the latest tariff measures are unlikely to bring much relief. Indicators such as the price component of the Purchasing Managers' Index show that commodity prices have risen strongly again. Economists said that in 2024, Mexico and Canada accounted for 28% of U.S. merchandise imports and China accounted for 13.4%, which means that 41.5% of U.S. imports are affected by the sharp increase in tariffs. They added: "This will have an impact on prices." (Jinshi)