Economist: US tariff policy will continue to affect US economic growth

 Seth Carpenter, chief economist at Morgan Stanley, said in an interview with the German "Handelsblatt" on the 13th that the US economic growth is clearly slowing down, with one important factor being the US tariff policy. The consequences of this policy will continue to be evident in the coming months. Carpenter believes that the US economy is currently facing sustained low growth, and he expects weak growth in the fourth quarter of this year and the first quarter of next year. The US economy may only grow by about 1.25% in 2026, far below the 2.8% in 2024. In addition, he pointed out that the performance of the US labor market is significantly weaker than a few months ago. New data shows that from March 2024 to March 2025, the number of new job positions was only half of the initial expectations. In addition, there are early signs of weakness in US industrial production.