The potential for a U.S.-Iran conflict is not necessarily the No. 1 thing weighing on the minds of stock investors right now. Market participants need clarity on the Supreme Court's views about tariff

The gold market faced significant developments throughout 2025 as participants responded to evolving drivers, including US tariff policies.

California, the nation’s top import hub, faces economic fallout as the Supreme Court nears a ruling on Trump’s tariffs and presidential trade powers.

In late October last year, Trump agreed with President Xi Jinping to trim tariffs on imports from China in exchange for Beijing cracking down on the ​illicit fentanyl trade, resuming U.S. soybean purchases and maintaining rare earths exports flowing.

In today’s newsletter: Trump ramps up economic pressure on Iran by announcing a 25% tariff on countries doing business with it. The Supreme Court prepares to weigh oral arguments on transgender student-athletes. And an unlikely presidential ally emerges as the administration rolls out a new economic agenda to address affordability concerns.