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Trump administration announces ‘economic D-day' sanctions on Iran Al JazeeraBessent unveils sweeping campaign of sanctions and pressure against Iran The Washington PostDollar Gains as US Plan to Cut Off Iran Spurs Haven Demand Bloomberg.comUS threatens countries doing business with Iran, but holds off on penalties for now Reuters
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That's good for gold, stocks and long bonds. Eventually.
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Trump Live Updates: Bessent Unveils New 'Economic D-Day' Sanctions Against Iran The New York TimesBessent unveils new effort to cripple Iran's economy PoliticoIran War Updates: U.S. unveils new sanctions after Trump threatened "economic D-Day" CBS NewsScott Bessent to unveil unprecedented sanctions against Iran's economy Fox NewsLive: US announces economic sanctions against Iran as Tehran vows to retaliate Reuters
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President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.
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The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
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Carney says Trump's demands would dismantle Canadian auto industry as Ford warns US could be cut off AP NewsSee more headlines & perspectives on Google News
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Live: Trump wants to 'destroy' Canada's auto industry, Carney says of latest tariff threat BBCTrump tells Canada to ‘fall in line' as Carney rejects subordination AP NewsTrump Threatens New 50% Tariffs on Cars, Trucks and Steel as U.S.-Canada Trade War Unfolds The New York TimesInside the 72 hours that cratered the US-Canada trade deal PoliticoThe world leader saying no to President Trump NPR
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The treasury secretary said Trump is contacting other world leaders to demand support for the "economic asphyxiation" of the Iranian regime but gave no deadline for action.
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Topic: Going GreenGovernancePoliticsBill Gates recently posted his new thinking on Climate Change declaring we've been thinking about it the wrong way. His article is sending shockwaves, some agreeing, some feeling he has betrayed the cause, and some like Trump declaring this is proof that climate change was a hoax. I definitely agree with Gates here (and not Trump, obviously) but his revelation speaks to something even bigger than climate change, and hints at what may be the greatest mistake in global political discussion about a wide range of topics, not just climate. We've been doing it wrong, and are paying a terrible price.
Gates' thesis is that the general climate community has been overstating the case for climate change. It's a major, serious problem, which he has personally done far more to address than almost anybody, but it's not the civilization-ending emergency crisis it is often painted as. This has stopped us from allocating our resources wisely to fight the true big problems like poverty and disease, which will do far more harm to people than even the worst that global warming threatens. The way to combat climate change not simply to stop emissions (which is good) but to give people the economic prosperity and tools to contend with the hardships to come, and many others.
Read Gates' own essay to get the full scop
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