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Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.
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Beijing, seeking an advantage, casts itself as a global champion of free trade.
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Top executives at the Bank of Montreal and Scotiabank separately referred to the Canada-U.S. trade situation as "manageable" on Tuesday.
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Iran's top trade partners include China, Iraq, Turkey and the United Arab Emirates. But the Trump administration has not said who new sanctions would target, or how so.
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Canada announced new tariffs of up to 50 percent on hundreds of American goods in retaliation for U.S. tariffs that took effect last week. Starting Sept. 8, Canada will double tariffs on American steel and aluminum to 50 percent and impose tariffs on around 700 other products.
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TEHRAN, Iran — Iran has vowed to retaliate against to widened U.S. sanctions, saying Washington should "expect an attack" in response to the measures.
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Some Democratic lawmakers and nonproliferation advocates have criticized the pact for not including a permanent prohibition on enrichment or reprocessing.
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The US cannot fully isolate Tehran unless other trade partners co-operate
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While autos and steel have taken centre stage in the Canada-U.S. trade war, experts say prices rising tariffs could rise prices for electronics, including the physical components behind AI.
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