Tariff ruling impact limited due to expected appeal The Trump administration is expected to appeal the Court of International Trade's ruling against the 10% Section 122 tariffs before May 12. The tariffs are likely to remain in place pending a longer review, following
A trade court ruled the tariffs unlawful under a 1974 trade law but limited relief to two businesses and Washington state. A US trade court invalidated former President Donald Trump’s 10% global tariffs, citing misuse of Section 122 of the Trade Act of 1974. The ruling, ho
Oil prices dip as US and Iran trade accusations over military actions in the Strait of Hormuz amid an ongoing truce. US President Donald Trump stated a ceasefire with Iran remains in effect despite recent military clashes in the Strait of Hormuz. The remarks follow US Cent
Failure to comply may trigger higher US tariffs on EU goods, escalating transatlantic trade tensions. US President Donald Trump has imposed a July 4 deadline for the European Union to implement its commitments under the Turnberry trade agreement. If the EU fails to act, th
U.S.-China trade negotiations may stall as Iran dominates the agenda at this week’s summit, delaying tariff and rare earth supply discussions. U.S. President Donald Trump and Chinese President Xi Jinping will prioritize Iran discussions during their May 14-15 summit, reduc
WTI crude falls 0.65% to $93.65 after US military action in the Strait of Hormuz raises supply disruption concerns. US forces struck Iranian military sites linked to attacks on warships in the Strait of Hormuz, a critical oil transit route. The operation targeted facilitie
Markets show inconsistent reactions across asset classes to Iran conflict, challenging long-term inflation expectations, the bank notes. Deutsche Bank research identifies significant inconsistencies in how markets are pricing the Iran conflict across equities, rates, and c
Investors weigh potential disruptions to oil supplies and global trade amid rising Middle East tensions. US financial markets are assessing risks from escalating Iran-related conflict, with potential implications for energy prices and supply chains. Oil futures surged 3% i
Retaliatory military action in the Strait of Hormuz raises immediate risks to global crude flows and regional supply stability. The US conducted strikes against Iranian targets following attacks on Navy warships in the Strait of Hormuz, a critical chokepoint for 20% of glo
Missile exchanges between Iran and US forces in the Strait of Hormuz cease after brief escalation, easing immediate supply disruption fears. Iran and Israel separately announced an end to recent hostilities in the Gulf region after a series of missile exchanges. US CENTCOM