Economists: There are pros and cons to the economic impact of tariff rulings.
Michael Pearce, chief US economist at the Oxford Economics Research Institute, stated in a report that after the Supreme Court made a ruling unfavorable to President Trump's comprehensive tariff policy, the effective tariff rate in the United States may decrease, which could boost the country's economy. However, this boost may be partially offset by long-term uncertainty. The Trump administration may adopt other more long-lasting measures to reintroduce tariffs, and the overall tariff rate may eventually return to current levels. He said that even if the overall tariff level returns to its original state, the impact may vary significantly by industry and country, thereby bringing more uncertainty to companies, investors, and households. "This uncertainty is a key downside risk that may impact growth this year, but will not derail it."
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