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;Resize=(620)) ?The ?U.S. Trade ?Court on Thursday ruled ?against U.S. President Donald ?Trump's latest 10 per cent global tariffs, finding ?across-the-board tariffs were ?not justified under a 1970s trade ?law.
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The president dismissed Iran's firing on U.S. vessels in the strait as a mere "trifle."
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The Justice Department and the CFTC are probing a series of highly profitable oil market trades made just ahead of major policy announcements on the Iran war.
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Trump's deadline to the European Union came as a trade court ruled his global tariff policy violated US law.
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The escalating attacks raise the threat that the cease-fire could break down.
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A panel of federal judges found that President Trump could not legally impose the tariff on most imports.
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The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
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President Trump and President Luiz Inácio Lula da Silva, who have had a rocky relationship, met for talks on trade and other issues. But they skipped a planned joint appearance.
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