Debbie Dingell plans to introduce her ‘Hands Off Our Great Lakes Act’ today following president’s latest escalation in US-Canada trade war

The US treasury department is likely to unveil weekly new secondary sanctions aimed at increasing ⁠economic pressure ⁠on Iran, ​with an initial focus on banks, treasury secretary Scott Bessent told Reuters.

After imposing ⁠penalties on the United Arab Emirates branches of Egypt’s Banque Misr on Friday over alleged financial links ⁠to Iran, Bessent said in an interview that the next ​step may be cutting off ‌an institution entirely ‌from the dollar-based financial system.

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