经合组织：美关税对自身影响尤为明显

Core Viewpoint - The OECD's latest economic outlook report indicates that the impact of U.S. tariffs on the global economy is becoming more pronounced, particularly affecting spending choices, corporate costs, and consumer prices in the U.S. [1] Group 1: Tariff Impact - The total value of U.S. imports subject to tariffs has significantly decreased compared to non-tariffed imports, indicating that tariffs are suppressing overall demand in the U.S. [1] - Trade volumes are expected to remain under pressure due to these tariffs [1]. Group 2: Consumer and Inflation Outlook - With a cooling job market and tariffs raising consumer prices, household consumption growth in the U.S. is anticipated to continue slowing [1]. - Inflation may become more persistent, which could limit the scope for interest rate cuts [1]. Group 3: Fiscal Policy and Market Risks - The current fiscal policy path in the U.S. is deemed unsustainable, and reducing the significant deficit is urgent [1]. - The cyclically adjusted price-to-earnings ratio of the S&P 500 index is nearing historical highs, indicating a high risk of significant market corrections [1].