Analysis: U.S. sanctions on Iran have a big impact, but not necessarily in the intended places
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also...
President Donald Trump claimed on Monday that tariff revenues collected by the U.S. will surpass $600 billion, saying the measures have strengthened the country financially and enhanced its international standing.
Trump wrote on Truth Social that the tariffs have made the U.S. “far stronger and more respected than ever before,” and criticised media coverage he described as hostile. He linked the tariffs to national security and highlighted an ongoing Supreme Court case assessing whether he exceeded his presidential authority under the International Emergency Economic Powers Act (IEEPA).
U.S. Treasury Department data show that total net revenue from tariffs between January and November last year was $236.2 billion. The Supreme Court heard arguments on November 5 regarding the legality of some tariffs. The Trump administration has indicated it may continue to enforce them through alternative legal mechanisms if the court rules against it.
The outcome of the case could affect billions of dollars in future tariff revenue and the scope of presidential powers on trade measures.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
Venezuela’s interim president Delcy Rodriguez said on Sunday the country should not fear pursuing energy ties with the United States, as Caracas seeks to expand oil and gas production and attract foreign investment.
Iran’s Foreign Ministry has strongly rejected a U.S. magazine report on the death toll during January unrest. Nationwide protests erupted in response to soaring inflation and a national currency crisis.
A mosaic portrait of Pope Leo XIV was illuminated on Sunday at the Basilica of St. Paul Outside the Walls in Rome, continuing a centuries-old Vatican tradition marking the election of a new pope.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
Millions of people in Britain are struggling to afford basic necessities, with a new report warning that the number living in the deepest levels of poverty has reached a 30-year high, driven by soaring housing costs and rising child poverty.
India and the European Union have finalised a long-pending trade deal, both sides said on Tuesday, calling it the “mother of all deals” as they seek to hedge against uncertainty in U.S. trade ties.
The Trump administration has signalled to Ukraine that U.S. security guarantees depend on Kyiv agreeing to a peace deal likely requiring it to cede the Donbas region to Russia, the Financial Times reported on Tuesday.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
Russian drones and missiles knocked out power in Kharkiv late Monday, while 23 people were wounded and an energy facility damaged in an overnight attack on Odesa, officials said.
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