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Investing.com -- A recent decision to block President Donald Trump’s proposed global tariffs has been temporarily paused by a federal appeals court. The U.S. Court of Appeals for the Federal Circuit issued a brief order on Thursday, granting the stay while it considers a more permanent hold.

This development follows an earlier ruling where Trump’s proposed reciprocal trade tariffs on major U.S. trading partners were halted by a federal court. The court’s decision on Wednesday was based on the grounds that the president had exceeded his authority. The appeals court’s recent move to pause this ruling indicates that the matter is still under consideration.

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