Dan Schwartzman

Internal Trade Commission and a former member of the World Trade Organization appellate body, says the court followed the law.

That's Georgetown law professor Jennifer Hillman.

President Trump, though, says the administration has alternatives to replace the rejected tariffs.

Trump also announcing a new global tariff.

That's President Trump.

The Supreme Court, though, did not address the extent to which importers are entitled to refunds, leaving it to a lower court to sort out those issues.

If fully allowed, refunds could total as much as $170 billion, which is more than half the total revenue Trump's tariffs have brought in.

Wall Street reacting to the Supreme Court ruling with the Dow gaining around a quarter percent, the S&P up over a half percent.

while the Nasdaq has gained close to nine-tenths of one percent.

The 10-year Treasury yield is at 4.085, the two years at 3.481.

Gold is trading above $5,070 an ounce, while Bitcoin is close to $67,700.

President Trump, speaking to reporters earlier at the opening of a breakfast with governors at the White House, says he is considering limited strikes on Iran as a way to ramp up pressure on the regime to make a deal to limit its nuclear program.

The U.S.

military has been building up a massive armada in the Middle East, including two aircraft carriers, hundreds of fighter jets and refueling tankers, along with thousands of troops.

Michael O'Hanlon, military analyst at the Brookings Institute, says the buildup gives the president options.

That's Michael O'Hanlon, military analyst at the Brookings Institute.

The president has said Iran has 10 to 15 days to strike a deal over its nuclear program.

Oil prices reacting to the U.S.-Iran tensions, with oil holding near a six-month high, with West Texas Intermediate fluctuating near $66 a barrel, which would be a weekly gain of around 6%.

President Trump plans to travel to China from March 31st to April 2nd for a meeting with his counterpart Xi Jinping to navigate a trade relationship and tensions around Taiwan.

Narrowing trade deficits is expected to be a focal point of conversations, with the U.S.