Trump's trade threats draw pushback from Spain and a court ruling

President Donald Trump reportedly threatened to cut off trade with Spain over its stance on the Middle East war. Spanish Prime Minister Pedro Sánchez said he would not give in to the threat and doubled down on his 'no to war' position.

In a separate development, a U.S. trade court ordered tariff refunds, a setback for the Trump administration's trade policy. Trump also ordered a bank to provide insurance for maritime trade related to Iran.