Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran’s economy by threatening to impose secondary sanctions on the Islamic Republic’s “enablers.” Source link
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Canada auto tariffs to hit 50% amid trade war
US President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Maryland on Aug. 21, 2026. Saul Loeb | AFP | Getty Images President Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027,…
U.S. Trade Rep Greer blames Canada for failed tariff talks: ‘They wanted more’
U.S. Trade Representative Jamieson Greer speaks to members of the press outside the West Wing of the White House on April 2, 2026 in Washington, DC. Alex Wong | Getty Images U.S. Trade Representative Jamieson Greer on Monday suggested Canada was responsible for the collapse of trade-deal negotiations last week, telling CNBC that Ottawa changed…
Bessent $1 trillion Treasury General Account bond buybacks
Treasury Secretary Scott Bessent speaks to members of the media outside the White House in Washington, Aug. 20, 2026. Yuri Gripas | Abaca | Bloomberg | Getty Images The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior…
Ottawa and Washington head for all-out trade war
Roberto Machado Noa | Lightrocket | Getty Images The Canadian dollar fell on Monday morning after trade talks between Ottawa and Washington fell apart, leaving both sides facing higher prices on a wide array of imported goods. The U.S. on Saturday slapped 50% tariffs on around $20 billion worth of imports from Canada, its second-biggest…
Treasury yields fall ahead of Warsh’s Jackson Hole keynote
Treasury yields moved lower Monday as investors look ahead to Federal Reserve Chair Kevin Warsh’s keynote speech at Jackson Hole, which takes place later this week against a backdrop of bond market pressure, stubborn inflation and soaring U.S. national debt. Yields on the 10-year Treasury note — the main benchmark for mortgages, auto loans and…
Singapore inflation hits highest in nearly two years, but undershoots expectations
A housewife (R) buys vegetables at a wet market in Singapore Roslan Rahman | Afp | Getty Images Singapore inflation missed estimates even as it accelerated to a near two-year high in July, as higher energy prices due to the Iran war lifted electricity prices. The city-state reported that consumer prices last month rose 2.2%,…
Treasury Secretary to announce Iran sanctions
Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece…
Anthropic IPO filing will show AI backlash as risk, sources say
Dario Amodei, co-founder and chief executive officer of Anthropic, during an interview at Anthropic’s headquarters in San Francisco, California, US, on Thursday, April 30, 2026. Jason Henry | Bloomberg | Getty Images Anthropic is poised to hit the public market at a time when an increasing number of Americans are worried about artificial intelligence and…
Bessent’s bond buyback rally fizzles out
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026. Brendan McDermid | Reuters Longer-dated U.S. government bond yields edged higher on Friday as investor jitters over the Treasury Department’s extended debt repurchase program and soaring national debt continued to hover over markets. The…