Economist: U.S. Tariff Policies Will Continue to Impact Economic Growth

BlockBeats News, September 14, Morgan Stanley Chief Economist Seth Carpenter stated that U.S. economic growth is clearly slowing down, with one important factor being U.S. tariff policy. The consequences of this policy will continue to manifest in the coming months. Carpenter believes that the U.S. economy is currently facing sustained low growth, and he expects weak growth in the U.S. economy in the fourth quarter of this year and the first quarter of next year. In 2026, the U.S. economy may grow by only about 1.25%, far below the 2.8% in 2024.

In addition, he pointed out that the current performance of the U.S. labor market is significantly weaker than a few months ago. New data shows that from March 2024 to March 2025, the number of new jobs added is only half of the initial expectations. In addition, U.S. industrial production is also showing initial signs of weakness. (Golden Ten Data)