• A US appeals court temporarily reinstated the global 10% tariffs imposed by President Trump, after a lower court had ruled them unlawful.
  • The tariffs are back in effect for two companies and the state of Washington, which had sued the administration.
  • Trump cited a 1974 trade law, but the lower court ruled that the law does not justify such measures.
  • The tariffs expire in July unless extended by Congress.

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