---
title: "JPMorgan Chase strategist: Trump's additional tariffs may raise concerns about risks to U.S. economic growth"
description: "JPMorgan Chase's Chief Market Strategist for the Asia-Pacific region, Tai Hui, stated that the additional tariffs imposed by Trump on global partners could raise the average tariff rate in the U.S. to"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/234305608.md"
published_at: "2025-04-03T01:34:42.000Z"
---

# JPMorgan Chase strategist: Trump's additional tariffs may raise concerns about risks to U.S. economic growth

> JPMorgan Chase's Chief Market Strategist for the Asia-Pacific region, Tai Hui, stated that the additional tariffs imposed by Trump on global partners could raise the average tariff rate in the U.S. to its highest level since the early 20th century. These tariffs could have a substantial impact on inflation and raise concerns about the risks to U.S. economic growth, as rising prices for imported goods may lead domestic consumers to cut back on spending. Additionally, businesses may delay capital expenditures due to uncertainty and potential retaliatory measures

Tai Hui, Chief Market Strategist for the Asia-Pacific region at JPMorgan Asset Management, believes that the additional tariffs imposed by Trump on his global partners could raise the average tariff rate in the United States to its highest level since the early 20th century. Tai stated that if these tariffs persist, they will have a substantial impact on inflation as U.S. manufacturing strives to increase capacity and supply chains pass costs onto consumers. He added that the scale of these tariffs has raised concerns about the risks to U.S. economic growth, as domestic consumers may cut back on spending due to rising prices of imported goods. He further noted that given the uncertainty of the comprehensive impact of the tariffs and potential retaliatory measures that trade partners may take, businesses may also delay capital expenditures

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.