PANews reported on April 3 that according to Jinshi, Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, believes that the additional tariffs imposed by Trump on its global partners may raise the average tariff rate in the United States to the highest level since the early 20th century. Tai said that if these tariffs continue, they will have a substantial impact on inflation as the US manufacturing industry strives to increase production capacity and the supply chain passes costs to consumers. He added that the scale of these tariffs has raised concerns about the risks to US economic growth, as domestic consumers may cut spending due to higher prices for imported goods. He added that given the uncertainty of the full impact of tariffs and possible retaliatory measures by trading partners, companies may also postpone capital expenditures.