The Iran war increasingly looks like the one instance where physical reality has outrun his ability to control the narrative. The Nasdaq 100 has now fallen over 10% from its peak, technically entering correction territory. The S&P 500 has been at a loss for five weeks, on pace for its longest streak of weekly losses…
In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ were “entitled to benefit’’ from the Supreme Court ruling…
At least two retail customers pursuing tariff-related refunds have filed proposed class-action lawsuits in U.S. courts against companies that also sued to recoup costs from the import taxes the U.S. Supreme Court ruled President Donald Trump imposed without the legal authority to do so. The federal court lawsuits brought against delivery company FedEx and French…