Bessent has said that he doesn’t expect the federal government’s projected tariff revenue for the year to change despite the Supreme Court's February 20 ruling
U.S. District Judge Lewis Liman labeled the Trump administration's attempt to shut the program down as "arbitrary and capricious, and not in accordance with law."
The administration accused companies of pushing for a speedy schedule out of an “apparent desire to be the center of attention” in the future proceedings before the trade court.
The Strait is one of the most important focal points at times of tension with Iran, because a fifth of the world’s seaborne oil and liquefied natural gas goes through it each day.