Internet reports that Morgan Stanley chief economist Seth Carpenter said in an interview with Germany's Handelsblatt on the 13th that the U.S. economic growth is slowing down significantly. One of the important factors is the U.S. tariff policy. The consequences of this policy will continue to emerge in the coming months. Carpenter believes that the U.S. economy is currently facing sustained low growth, and he expects the U.S. economy to experience weak growth in the fourth quarter of this year and the first quarter of next year. The U.S. economy may only grow by about 1.25% in 2026, far below the 2.8% in 2024. In addition, he pointed out that the current performance of the U.S. labor market is significantly weaker than it was a few months ago. New data shows that between March 2024 and March 2025, new jobs were only half of what was originally expected. In addition, U.S. industrial production is also showing signs of weakness.