US Treasury Secretary Scott Bessent announced an "economic assault" on Iran's financial connections, while Donald Trump brandished the threat of new tariffs on Canadian products.
Scott Bessent announced that the Treasury Department was launching an "economic assault on Iran's financial connections," aimed at isolating Tehran from the global economy. Iran responded by threatening reprisals against countries that cooperated with Washington in this endeavor.
On the trade front, Donald Trump threatened to raise tariffs on Canadian cars, trucks, auto parts, and steel to 50%. This announcement, published on Truth Social, comes after trade negotiations between Washington and Ottawa broke down last week. The US president strongly criticized Canada and specified that these new tariffs would take effect on January 1, 2027.
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