Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says

Key Points

A federal trade court blocked a large piece of President Trump’s tariff agenda in a ruling Wednesday.
An appeals court temporarily paused that order on Thursday.
Even if the lower court’s ruling holds, the average household would lose $950 of purchasing power in 2025 as a result of tariffs that remain on the books, on products like steel, aluminum and automobiles, according to a Yale Budget Lab analysis.
The Trump administration has signaled more tariffs may be coming for pharmaceuticals, semiconductors, copper and lumber.

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