US consumers are still the losers in the trade court ruling, economists say

The appeals court restored Trump tariffs after a federal court blocked them. The reinstated tariffs include 30% on China and 25% on specific goods from Mexico and Canada.

Economists forecast that the reinstated tariffs will impose nearly 1,000 USD annually on consumers, with an expected 0.6% rise in consumer goods prices, resulting in a 950 USD loss in purchasing power by 2025.

The increase in tariffs could lead to economic slowdowns and potential recessions, as higher import costs are anticipated to slow down growth and accelerate inflation.