Research by Daniel Harenberg, chief economist at Oxford Economics, shows that without US tariff policies and free trade agreements with various countries, it could significantly boost global economic growth and reduce US inflation. The global GDP growth rate can reach 3% and 3.4% in 2026 and 2027, respectively, an increase of at least 0.5 percentage points per year compared to 2.7% and 2.9%, which maintain the status quo. By reducing the cost of imported goods, the average annual decline in US CPI can reach 0.4 percentage points and continue until 2029.

Research by Daniel Harenberg, chief economist at Oxford Economics, shows that without US tariff policies and free trade agreements with various countries, it could significantly boost global economic growth and reduce US inflation. The global GDP growth rate can reach 3% and 3.4% in 2026 and 2027, respectively, an increase of at least 0.5 percentage points per year compared to 2.7% and 2.9%, which maintain the status quo. By reducing the cost of imported goods, the average annual decline in US CPI can reach 0.4 percentage points and continue until 2029.