US imposes 50% tariff on Canada and signals broad sanctions against 60 nations
The US has initiated a significant protectionist shift by imposing a 50% tariff on Canadian goods and signaling potential sanctions against 60 additional countries. Argentina faces uncertainty regarding its trade status following the annulment of a bilateral treaty, with reports suggesting it may be subject to a 10% tariff due to labor clause non-compliance.
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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.