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Day after being struck down, US appeals court allows Trump tariffs to 'temporarily' stay in effect

IndiaTimes Thursday, 29 May 2025
A US federal court has dealt a significant blow to Donald Trump's trade policies, ruling that his imposition of sweeping tariffs under the International Emergency Economic Powers Act exceeded his presidential authority. While the tariffs remain temporarily in place pending appeal, the decision has rattled markets and raised questions about the future of Trump's trade agenda.
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