Reported about 22 hours ago
President Trump's tariffs, which have sparked worries about an impending recession and rising inflation, face a significant challenge after a federal court ruled he may have overstepped his authority in imposing many of them. While some tariffs may remain in place as appeals proceed, there's potential for a decrease in recession risks should the court’s outcome ultimately block certain tariffs. The economic landscape remains uncertain, as higher tariffs are generally expected to increase consumer prices, though the exact impact on inflation remains debatable among economists.
Source: YAHOO