Goldman Sachs warns: The U.S. benchmark tariff rate may jump to 15%, pushing inflation up to 3.3%
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Goldman Sachs Group predicts that the U.S. benchmark tariff rate will increase from 10% to 15%, which may exacerbate inflationary pressures and suppress economic growth. Core inflation is expected to be revised up to 3.3% in 2025, while GDP growth is revised down to 1%. The drag effect of tariffs on economic growth is expected to be 1 percentage point in 2025, 0.4 percentage points in 2026, and 0.3 percentage points in 2027. Overall, inflation risks are on the rise, while growth risks are on the decline
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