U.S. to detail new economic pressures on Iran. And, Canada to impose tariffs on U.S.

Treasury Secretary Scott Bessent is scheduled to announce a new set of sanctions and economic pressures targeting Iran. Simultaneously, the Trump administration has implemented 50% tariffs on Canadian goods. In response, Canada's Mark Carney stated that Canada would match these fees dollar for dollar. Canada has officially vowed to impose retaliatory tariffs against the U.S. to counter the new economic measures, marking a significant escalation in trade tensions between the two North American nations.