US targets Canadian dairy supply management system as justification for new tariffs
The US administration has identified Canada's dairy supply management system as a primary trade irritant, citing it as a basis for imposing new tariffs. This development signals a potential escalation in bilateral trade tensions, though the specific scope and timeline of the proposed tariffs remain unconfirmed.
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Russia — 7 developments
US-Iran Conflict Escalates Amidst Infrastructure Threats and Blockade
The US-Iran conflict has escalated significantly, marked by US presidential threats against Iranian civilian infrastructure following American casualties and a Strait of Hormuz blockade. Concurrently, an aerial campaign targeting Iranian infrastructure has persisted for 12 days, with unverified reports of direct US missile strikes within Iranian territory. Iran's IRGC has threatened retaliatory strikes on US allies' energy infrastructure.