US President Donald Trump’s administration has refunded about $100 billion in tariffs since the Supreme Court struck down a wave of his duties this year, court filings show.

Diplomacy between the US and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth straight week and marking a 15 percent drop from their May peak. The national average price of gasoline fell 14.1 cents a gallon over the last week to $3.85 per gallon on Monday, according to price-tracking service GasBuddy.

Never bet against Donald Trump? The oil market appears to have made a risky wager from day one of the Iran war: The US president would not allow the conflict to spiral into a full-blown economic crisis. So traders wouldn’t price one in, no matter what was happening with physical supplies. It was a risky call, but it proved correct.

The US dollar traded around a 10-day low against other major currencies on Monday as a preliminary agreement to end the war between the US and Iran sent oil prices tumbling and boosted demand for riskier assets.

The extreme ​volatility of global oil prices has drained liquidity from the market this year at the fastest pace ‌on record, as investors have become increasingly wary of committing cash to an asset that has become hostage to US President Donald Trump’s daily social media posts on the Iran war.

A refund system for businesses that paid tariffs, which the US Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so, launched Monday.

US Trade Representative Jamieson Greer on Monday lambasted the World Trade Organization after high-level talks ended with a failure to extend a years-long ban on customs duties for e-commerce.

The war in the Middle East has put the United States at high risk of falling into stagflation, Nobel Prize-winning economist Joseph Stiglitz told AFP on Monday.

Bangladesh also risks falling out of step with Asia-Pacific spectrum plans by opening the entire 6 GHz band for unlicensed use

The US Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the US Supreme Court declared the duties illegal.

China urged the United States on Monday to cancel unilateral tariffs announced by President Donald Trump after the US Supreme Court struck down many of his measures.

US trade deals with the European Union, China and other partners remain in force despite the Supreme Court ruling that struck down many of President Donald Trump’s tariffs, a top official said Sunday.

Trump invoked law meant for emergencies to impose tariffs

Speaking before a darkened ballroom on Thursday, US Chamber of Commerce CEO Suzanne Clark called on executives to be “fearless” in defense of free markets over government control and said the US must remain “open to the world, open to the global exchange of talent and goods and ideas and innovation.”

A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months.

President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow US chip giant Nvidia to export advanced artificial intelligence chips to China.

China’s stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the result of a decades-long drive, now giving Beijing crucial leverage in its trade war with the United States.

Unprecedented numbers of Americans are expected to hit stores this Black Friday, but they are likely to curtail their spending as they find fewer bargains from tariff-hit retailers.

US holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation said on Thursday, though growth is forecast to slow as economic pressures weigh on consumer sentiment.

Investors have anticipated for weeks the risks of a US government shutdown to markets. Now that it is here, they are hoping it will be brief.