Alex Ossola

Today's lawsuit was filed in the Court of International Trade.

It says the new tariff is a misapplication of a 1974 trade law.

It also says the tariffs violate the Constitution in the same way that Trump's earlier tariffs did, because the lawsuit says Congress is responsible for imposing tariffs.

The White House says the administration will defend the new tariffs in court.

Elsewhere in Washington, the Defense Department has officially told Anthropic it is a supply chain risk, an action normally reserved for businesses from foreign adversaries.

That cuts Anthropic off from partners who work with the Pentagon and could affect other companies and investors.

Anthropic said last week it would challenge the designation in court.

And House Speaker Mike Johnson and top Republican leaders asked Texas Representative Tony Gonzalez to drop his reelection bid a day after he admitted to having an affair with an aide who later killed herself.

Gonzalez this week advanced to a runoff in the Texas Republican primary.

Gonzalez spokeswoman today didn't immediately respond to a request for comment.

Coming up, the Middle East oil industry is in crisis, but Venezuela's exports are on the rise.

And why Apple is rolling out cheaper iPhones and MacBooks.

That's after the break.

The conflict in the Middle East has left the global oil market reeling.

But more crude is coming from an unlikely source, Venezuela.

Months after the ouster of Nicolas Maduro, U.S.

imports of Venezuelan oil have climbed to their highest level in more than a year.

American fuel makers are snapping up the rising supplies of Venezuela's heavy crude that their refineries were designed to process.

The continuing conflict in the Middle East weighed on stock markets today.

The Dow fell 1.6 percent, or 785 points, while the S&P and Nasdaq both fell by less than 1 percent.