CNBC Daily Open: U.S. takes aim at friends and foes alike
Washington flexes its economic power against Canada and Iran, while the bond market pressures Trump administration.
TL;DR
- The U.S. imposed 50% tariffs on Canadian goods after trade talks failed, with Canada planning retaliatory duties.
- President Trump accused Canada of seeking the benefits of a U.S. state without being one.
- Treasury Secretary Scott Bessent is set to announce a major sanctions package against Iran, calling it 'the single greatest financial offensive ever marshalled'.
- Treasury yields have resumed their upward path, leading to a decline in U.S. stock futures.
- Anthropic, the creator of Claude, is preparing for an IPO amid public concerns about artificial intelligence and data centers.
- A Meta trial could potentially alter social media by forcing the removal of addictive design features like infinite scrolling and autoplaying videos.