Economists: US tariff policy will continue to affect the rise of the US economy

On September 14, Morgan Stanley Chief Economist Seth Carpenter stated that the U.S. economic growth is clearly slowing down, one important factor being the U.S. tariff policy, the consequences of which will continue to manifest in the coming months. Carpenter believes that the U.S. economy is currently facing persistent low growth, and he expects soft growth in the U.S. economy in the fourth quarter of this year and the first quarter of next year. The U.S. economy may grow only around 1.25% in 2026, significantly lower than the 2.8% in 2024. In addition, he pointed out that the current performance of the U.S. labor market has weakened significantly compared to a few months ago. New data shows that the number of new jobs from March 2024 to March 2025 is only half of the initial expectations. Furthermore, signs of weakness are also emerging in U.S. industrial production. ( Jin10 )