The Fitch Rating Agency reduced the expectations of growth growth in the United States (USA) Gross Domestic Product (GDP) in 2025 on Thursday, and stressed that the Tar Tarp administration’s “Liberation Day” tariff announcement pose a direct risk for US economic health.
Key Important Points
- On the day of liberation, the US tariff rates are brought to the last level seen in 1909.
- Considering the growth of the US in 2025, the higher tariffs than expected, it may be slower than 1.7% in March.
- Tariff walks will result in higher consumer prices and lower institutional profits in the USA. ‘
- The upward printing on goods prices from tariffs means that the FED will be more careful about the more rate cut in the near term.
