美媒：美关税政策恐引发经济滞胀 对美国消费者冲击最大

Core Viewpoint - The U.S. tariff policy under the Trump administration may lead to stagflation, impacting the economy negatively and increasing uncertainty for American consumers [1][2]. Group 1: Economic Impact - The volatile tariff agenda, along with immigration policies and rising national debt, has increased market volatility [2]. - Some analysts warn that the U.S. economy may be heading towards stagflation, characterized by slow growth and high inflation [2]. - A report from Apollo Global Management highlights that higher tariffs could lead to stagflationary shocks, increasing the likelihood of economic slowdown while putting upward pressure on prices [2]. Group 2: Consumer Impact - The Swiss Re Institute reports that the unpredictable policy changes under the current U.S. government have diminished global confidence in the U.S. as a safe haven for capital, leading to lowered growth expectations for major economies by 2025 [3]. - The report indicates that declining efficiency in global supply chains and increased domestic protectionism may result in a structural rise in average inflation in the U.S. [3]. - American households, already struggling with high living costs, are preparing for future uncertainties, whether facing recession or stagflation [3]. - Jerome Hegglin, Chief Economist at Swiss Re, states that U.S. consumers will bear the brunt of the tariff policy, as rising prices will force them to cut spending, which is crucial for U.S. economic growth [3].