President Trump has agreed to pause 25 percent tariffs on imports from Mexico and Canada for a month, while a 10 percent tariff on Chinese imports took effect. The threat of a tariff war remains as Mexico and Canada had warned of retaliatory tariffs, and China has announced tit-for-tat tariffs. Trump justified the tariffs by accusing the countries of not preventing drugs and illegal immigration, as well as addressing trade deficits. Past tariff wars, such as the Smoot-Hawley Tariffs in 1930, have shown negative economic impacts and led to the signing of trade agreements to negate the effects.
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Iran is meeting European powers amid threats of renewed nuclear sanctions | Israel-Iran conflict News
Iranian diplomats are in Istanbul for renewed nuclear talks with Germany, the UK, and France amid threats of reinstated UN sanctions following Israel's recent attacks on Iran. Iran warns that reimposing sanctions would lead to its withdrawal from the nuclear non-proliferation treaty and insists on maintaining its nuclear program, claiming enrichment is currently halted due to damage from military strikes. Want More Context? 🔎
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