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Iran has suffered huge reverses in recent months, seeing its proxy militias severely weakened by war with Israel and its regional ally, President Bashar al-Assad of Syria, ousted.

A combination of a 10% baseline levy and higher duties on a number of other trading partners reverses decades of liberalisation that shaped the global trade order.

Such issues are often quickly appealed, and if a federal appellate court reverses the lower court judge, a case could then make its way before the U.S.

The U.S. 9th Circuit Court of Appeals ruling reverses a lower court decision that had found the state law unconstitutional.

The panel’s decision reverses an opposing ruling by a lower court, and sends the case back down to that court for reconsideration.