UBS analyst Eamonn Sheridan stated that if the proposed tariffs are fully implemented, the inflation rate in the United States could rise to about 5%, as import costs will permeate consumer prices. If the Federal Reserve views this increase as 'transitory', they may lower interest rates out of growth anxiety.

PANews reported on April 3 that according to Jinshi, analyst Eamonn Sheridan said that UBS had previously estimated that if the proposed tariffs were fully implemented, the US inflation rate could rise to around 5% as import costs penetrated into consumer prices. The analyst believes that if the Federal Reserve believes that this increase is "temporary", they will cut interest rates out of growth panic.

UBS predicts that the full implementation of tariffs will lead to an inflation rate of 5% in the United States.