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According to CCTV News on September 26th, on September 25th, local time, US President Trump announced on his social media "Real Social" that starting from October 1st, the United States will implement a new round of high tariffs on various types of imported products. Measures include:
50% tariff on kitchen cabinets, bathrooms and related building materials.
30% tariff on imported furniture
A 100% tariff on patents and branded drugs.
Trump also announced that he would impose a 25% tariff on all imported heavy trucks from October 1.
On September 24, the Trump administration issued a formal announcement to implement the U.S. trade agreement with the European Union, confirming that from August 1, 15% tariffs will be imposed on EU imports of automobiles and automotive products.
Jan Hazus, chief economist of Goldman Sachs, an American investment bank, said in an interview with German media on September 13th, local time that although a new trade agreement between the United States and the European Union has been reached, there are many voices of dissatisfaction within the European Union. And due to the impact of tariffs, the agreement will lead to an increase in the price of EU goods exported to the United States, and this part of the tariff burden may eventually be borne by American consumers.
Seth Carpenter, chief economist of Morgan Stanley, said in an interview with German Business Daily on September 13th that the economic growth of the United States is obviously slowing down, and one of the important factors is the tariff policy of the United States. The consequences of this policy will continue to appear in the next few months.
Carpenter believes that the U.S. economy is currently facing sustained low growth, and he predicts that the U.S. economy will experience weak growth in the fourth quarter of this year and the first quarter of next year. The U.S. economy is likely to only grow by about 1.25% in 2026, well down from the 2.8% in 2024.
In addition, he noted that the current performance of the U.S. labor market is significantly weaker than it was a few months ago. New data show that between March 2024 and March 2025, new jobs were only half of what was initially expected.
JP Morgan chief executive Jamie Diamond and Goldman Sachs chief executive David Salomon have also recently expressed suspicion about U.S. economic growth.
Carpenter warned that most of the U.S. tariff policies will impact the real economy in the coming months, potentially leading to rising domestic inflation, slower industrial growth and a decline in consumer spending, ultimately damaging economic growth.
On September 11, local time, the International Monetary Fund (IMF) said the U.S. economy was facing some pressure, domestic demand slowed, and employment growth slowed.The International Monetary Fund said the decline in U.S. employment data was higher than the historical average, which the organization will discuss during talks with the U.S. in November.
The International Monetary Fund believes that there are some risks of upward inflation in the United States at the moment, mainly due to tariffs.
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