Oil Prices Jump After Court Blocks Trump’s Tariffs

A U.S. trade court on Thursday blocked the tariffs that President Trump has imposed on U.S. trade partners, saying the president overstepped his authority. The news pushed oil prices higher earlier today even as the market awaits bearish news from OPEC+. “The court does not pass upon the wisdom or likely effectiveness of the President's use of tariffs as leverage,” the Court of International Trade’s three-member panel wrote in its ruling that imposes a permanent injunction on all the tariffs that Trump has announced since taking…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com