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The World in Brief from The Economist
Bessent announces “Operation Economic Outcast” against Iran; Trump escalates trade war with Canada, and more
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Scott Bessent, America’s treasury secretary, threatened to expand secondary sanctions against Iran’s trading partners, targeting sectors such as digital assets, technology, gold, aviation and shipping; Mr Trump said America will raise tariffs on Canadian cars, automotive parts and steel to 50%, beginning on January 1st, further escalating a dispute after trade negotiations collapsed last week
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