US treasury secretary announces ‘onslaught’ of sanctions to isolate Iran from world economy – live

Scott Bessent says treasury is launching ‘economic onslaught against Iran’s financial connections’ as Tehran vows to retaliate against cooperating countries

Sign up for the US Breaking News email

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.

On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027.