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2026-02-21 01:36:43
[Economist: Tariff Ruling Has Both Advantages and Disadvantages for the US Economy] Michael Pearce, chief US economist at Oxford Economics, noted in a report that while the Supreme Court's ruling against Trump's comprehensive tariff policy could support the domestic economy by lowering the actual tariff rate, this benefit may be partially offset by long-term uncertainty. The Trump administration is likely to adopt other, more sustainable methods to reimpose tariffs, ultimately resulting in an overall tariff level similar to the current one. He also stated that even if overall tariff levels are restored, the impact on different industries and countries will vary significantly, leading to greater uncertainty for businesses, investors, and households. "This uncertainty is a key downside risk that could affect economic growth this year, but it won't cause a complete stall in growth."
