US to Appeal Refund of Tariffs, NYT: No Decision on Iran Truce, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it. With Bloomberg News Now, I'm Ed Kalengi. The Trump administration says it will challenge a U.S. trade court judge's authority to manage how officials handle refund demands for billions of dollars in tariffs that the U.S. Supreme Court declared unlawful – potentially injecting legal chaos into a claims process that's already underway. The Justice Department filed notice Friday that it will appeal a court order compelling customs authorities to recalculate all import taxes that the administration collected under President Trump's use of a 1970s-era emergency powers law. The White House has repeatedly sent conflicting messages on the prospects for a deal with Iran, highlighting President Trump's struggles to find an off-ramp to a conflict now in its fourth month.
That pattern continued Friday. The president said in a social media post late in the morning that he was ready to make a final determination on a preliminary agreement to extend a fragile ceasefire. Hours later, however, the New York Times reported the president left his Situation Room meeting without any decision being made. The back and forth continued a pattern of both sides suggesting an agreement was near, but then signaling disagreement over many of the same issues that have long bedeviled the deal, including the fate of Iran's uranium and nuclear ambitions, as well as freedom of navigation in the Strait of Hormuz. Speaking during a question and answer session at the Reagan National Economic Forum in Simi Valley, California, Treasury Secretary Scott Besson suggested there is more the Trump administration can do pertaining to Iran, depending on how the standoff with Tehran develops.
We put more sanctions on yesterday. We sanctioned their two airlines. We've got some other financial targets. There's a lot more that we can do. if we have to, and there are some things that we can do to help the Iranian people.
Treasury Secretary Scott Besson speaking Friday, and that audio courtesy of the Ronald Reagan Presidential Foundation and Institute. Democratic lawmakers say former Attorney General Pam Bondi rebuffed questions about President Trump's involvement in the Justice Department's handling of files from its investigation of accused sex trafficker Jeffrey Epstein. This is Representative Robert Garcia, the top ranking Democrat on the House panel investigating Epstein.
Whether he directed her at any given time on the Epstein files, what he knew, what he asked her to redact or not, and she refused to answer any questions. about President Trump.
Garcia added that Bondi pushed any blame for missteps with Epstein-related documents onto acting Attorney General Todd Blanch. He said that Democrats would seek to subpoena Blanch to testify before the panel. A federal judge in Virginia temporarily barred the Trump administration from taking steps to operate the $1.8 billion anti-weaponization fund, while she weighs a longer-term block amid a growing number of legal challenges. Although the proposed fund is still in an early phase,
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