Fitch: US tariff rates return to 1909 levels, the Fed may be more cautious about rate cuts
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Planet Daily News: Fitch indicates that due to higher-than-expected tariffs, the U.S. economic growth in 2025 may be lower than the 1.7% predicted in March. The tariff increase will lead to higher consumer prices and reduced corporate profits. The "Liberation Day" brings U.S. tariff rates back to 1909 levels, and the upward price pressure from tariffs suggests that the Federal Reserve may become more cautious about further interest rate cuts in the near term. As U.S. tariffs are adjusted upward, some sovereign countries with high export value-added levels may face potential rating downgrade pressures. (Jin Shi)
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