Trump tariffs back on after appeals court slams brakes on trade court's ban
1. Federal appeals court reinstated Trump's tariffs while reviewing a lower court's decision. 2. Tariffs of up to 25% on Canada, Mexico, and 20% on China are reactivated. 3. Wall Street remained optimistic despite legal developments, S&P 500 rose modestly. 4. Economists warn tariffs might lead to higher consumer prices and inflation. 5. Trump's administration may still leverage alternative methods to impose tariffs.