Fitch: U.S. tariff rates return to 1909 levels, The Federal Reserve (FED) may be more cautious about rate cuts.

According to Mars Finance, Fitch has stated that due to tariffs being higher than expected, the U.S. economic growth in 2025 may be below the 1.7% predicted in March. The rise in tariffs will lead to an increase in consumer prices and a decrease in corporate profits. The "Liberation Day" brings the U.S. tariff rates back to the levels of 1909. The upward pressure on commodity prices due to tariffs means that the Federal Reserve may become more cautious about further rate cuts in the near term. With the increase in U.S. tariffs, some sovereign nations with higher levels of export value added may face downgrading pressure. (Jin10)