Golden Finance reported that US President Trump launched an action to impose tariffs on Canada and Mexico. Moody's chief economist Mark Zandi believes that the US economy may fall into stagflation. Recent data reflect that American consumers and business communities are already worried about economic prospects and reduce spending. The relevant effects will lead to a significant slowdown in the economy, and the tariff effect will lead to high inflation, so the US economy may fall into stagflation. If true, it will be the first time the United States has fallen into stagflation in 50 years. The Atlanta Fed's GDPNow model shows that the U.S. economy may shrink by 2.8% in the first quarter. If true, it will be the first contraction since the first quarter of 2022. Faced with stagflation, the Fed may raise interest rates, just like former Fed Chairman Volker launched a massive rate hike in the early 1980s, sacrificing the economy to curb inflation. (Jin Shi)