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Tariff Ruling 'A Body Blow' for Trump

Senior US officials say President Donald Trump's tariff defeat at the Supreme Court will not unravel trade deals negotiated with key US partners, as the administration moves to defend its assertive trade policies. Agreements reached with China, the European Union, Japan and South Korea remain in place, US Trade Representative Jamieson Greer said on CBS's Face the Nation. However, Trump's pledge to reimpose tariffs at 15% on all nations could result in the UK facing the largest increase, up from its previous reciprocal tariff rate of 10%. Crawford Falconer, Former UK Chief Trade Negotiation Adviser and currently senior advisor to Bradshaw advisory joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss.

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Bloomberg

Businesses Face More Litigation to Get Tariff Refunds

The US Supreme Court ruled Donald Trump's tariffs under the IEEPA as illegal, but was silent on the issue of refunds. That decision is likely to go back to the US Court of International Trade says Janet Whittaker, Senior International Arbitration and Disputes Partner at Clifford Chance. She says the hundreds of businesses that have already taken legal action seeking refunds may face further litigation. Whittaker joined Lizzy Burden on 'Bloomberg Daybreak Europe'.

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Bloomberg

Gower: Copper Likely to Remain Well Supported

Copper rose for a second day as uncertainty around US tariff policy and its impact on broader markets drove a decline in the dollar. Meanwhile gold & silver also traded higher over tariff uncertainty. The US Supreme Court ruled against President Donald Trump's use of emergency powers to set reciprocal trade duties, prompting the administration to roll out an alternative 15% global levy. Amy Gower, Metals & Mining Commodities Strategist at Morgan Stanley spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche.

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Bloomberg

Ellawn: GCC Continues to Outperform Many Global Markets

Brookfield, one of the largest direct investors in the Middle East, says the region is a significant long term destination for investors. That's as the GCC undergoes a structural transformation from oil-based economies to more diversified economies creating scale across infrastructure, real estate and private equity. Jad Ellawn, Managing Partner & Regional Head of Middle East at Brookfield spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the growth of the GCC.

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Bloomberg

Eyre: US Iran Diplomatic Talk Window 70% Closed

US President Donald Trump says he is considering limited military strikes to pressure Iran into signing a new nuclear deal but bombing the country may not have the desired effect. The US has ramped up its military presence in the region even as US Iran talks are set to resume in Geneva. Alan Eyre, Distinguished Diplomatic Fellow at the Middle East Institute and Former Senior US Diplomat spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche about the likely outcome from US action in the region.

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