US treasury secretary announces ‘onslaught’ of sanctions to isolate Iran from world economy – live
Why This Matters
Key context: <p>Scott Bessent says treasury is launching ‘economic onslaught against Iran’s financial connections’ as Tehran vows to retaliate against cooperating countries</p><ul><li><p><a href="https://www.theguardian.com/news/2026/feb/17/sign-up-for-the-breaking-news-us-email-to-get-newsletter-alerts-direct-to-your-inbox?utm_medium=ACQUISITIONS_STANDFIRST&utm_campaign=BN22326&utm_content=signup&utm_term=standfirst&utm_source=GUARDIAN_WEB">Sign up for the US Breaking News email</a></p></li></ul><p>Donald Trump has threatened to increase tariffs on Canadian cars, trucks, auto parts and steel to 50% today, after trade negotiations between Washington and Ottowa broke down last week.</p><p>On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027. “On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” Trump wrote.</p> <a href="https://www.theguardian.com/us-news/live/2026/aug/24/hakeem-jeffries-jared-kushner-democrats-midterm-elections-donald-trump-iran-war-sanctions-latest-news-updates">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Scott Bessent says treasury is launching ‘economic onslaught against Iran’s financial connections’ as Tehran vows to retaliate against cooperating countriesSign up for the US Breaking News emailDonald Trump has threatened to increase tariffs on Canadian cars, trucks, auto parts and steel to 50% today, after trade negotiations between Washington and Ottowa broke down last week.On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027. “On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” Trump wrote. Continue reading...
Curation & Context
This page summarizes a public news report from The Guardian. Global News Hub provides the "Why This Matters" takeaway using editorial insights and AI curation to give readers rapid, high-value context before they click through to read the full article.