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The Canadian prime minister has said his government will match U.S. tariffs "dollar for dollar."
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Treasury Secretary Scott Bessent unveiled new economic sanctions package against Iran. It includes measures to impose sanctions on anyone that deals with the Islamic regime in Tehran.
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President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.
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Regulators sent subpoenas to major Wall Street banks seeking information about the trading of Situational Awareness, three people briefed on the outreach said.
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President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027.
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