#CPI数据来袭 I agree with economists' predictions that tariffs will drive up inflation. According to market consensus, the U.S. April CPI is expected to rise 0.3% month-on-month (2.4% year-on-year), with core CPI rising to 2.8% year-on-year. Although the April data may only reflect initial signs of the tariff impact (such as early purchases of automobiles and mild price increases for Chinese imports), the lagging effects of the supply chain mean that inflationary pressures will significantly increase in the summer. The current tariff policy retains a 10% additional tax rate as a bargaining chip, and combined with corporate inventory adjustments and changes in consumer behavior, inflation could be stickier than expected in the coming months.