The World in Brief from The Economist

Corporate America now hopes to recoup an estimated $170bn in duties.

Emmanuel Macron, France’s president, called for calm ahead of a far-right march in Lyon

Emmanuel Macron, France’s president, called for calm ahead of a far-right march in Lyon

Donald Trump said he was imposing an additional 10% global tariff.

Mr Trump said he was considering limited strikes on Iran to pressure it into nuclear negotiations

Donald Trump said he was imposing an additional 10% global tariff under Section 122, a provision allowing the president to impose levies for up to 150 days.

The prospect of war in Iran pushed the price of Brent crude, the global oil benchmark, to its highest level in six months. Also, Aston Martin issued its third profit warning in months due to slowing sales and the impact of tariffs in America.

Donald Trump set a ten-day timeline to reach a diplomatic breakthrough with Iran over its nuclear programme, warning that “bad things will happen” if a deal falls through.

Donald Trump set a ten-day timeline to reach a diplomatic breakthrough with Iran over its nuclear programme, warning that “bad things will happen” if a deal falls through.