💨 Abstract

A federal court ruling may significantly alter President Donald Trump's tariff agenda, potentially blocking or reducing several imposed tariffs. This decision has slightly diminished recession risks and inflation concerns for some economists. Trump has appealed, and the appellate court allows disputed tariffs to remain in effect during appeals. The impact on the U.S. economy remains uncertain, as Trump could still impose other tariffs and retaliations from countries like Canada and China are possible, according to economists.

Courtesy: WTOP Staff