PANews reported on January 15 that according to Jinshi, Tim Murray, an analyst at Pfizer, said in a report that US President-elect Trump's tariff and immigration proposals may exacerbate inflation, which may force the Federal Reserve to stop cutting interest rates or even raise interest rates. The capital market strategist said that this could lead to significant market fluctuations. He said: "The energy and financial industries may benefit from a friendlier regulatory environment, while renewable energy companies may face pressure if parts of the Inflation Reduction Act are repealed." Tough trade policies that increase tariffs may affect non-US stocks and cause fluctuations in affected industries.