Canada has imposed retaliatory tariffs on $20 billion worth of American goods, escalating trade tensions between the two countries. According to Al Jazeera, the measures match US tariffs 'dollar-for-dollar' and affect around 700 products across multiple industries. The move marks a significant deterioration in trade relations between the neighbouring allies, with the Canadian government framing its response as a direct countermeasure to Washington's tariff actions.

President Donald Trump on Monday threatened to block sales in the United States of aircraft made by Canadian manufacturer Bombardier, according to Vanguard. He complained that bilateral trade provisions were “unjust and unfair,” framing the warning as part of an escalating tariff dispute between the United States and Canada. The report did not detail specific legal steps, affected models, timelines, or responses from Bombardier or Canadian officials.

Iran has threatened the United States with new measures it describes as economic warfare, including missile action, and vowed to establish a maritime exclusion zone, according to TimesLIVE. The reported threats come as US sanctions on Tehran intensify and as Houthi forces launched an attack on Saudi Arabia. The developments signal heightened tensions across the Gulf region involving Iran, the United States and its regional allies.

US threats to penalise countries that trade with Iran could disrupt Spain's supply of saffron, a key ingredient in paella, according to Al Jazeera. Much of the world's saffron is grown in Iran, and potential sanctions enforcement against Iran's trade partners would raise costs and create uncertainty for Spanish importers, chefs and exporters who rely on the spice. The report highlights how geopolitical trade pressure can ripple into everyday food supply chains and culinary traditions.

The United Kingdom is set to announce a ban on trade in goods produced in Israeli settlements in the occupied West Bank, which are considered illegal under international law, according to Al Jazeera. The measure would restrict the import and sale of settlement products into the UK market. Further details of the policy, including its scope and implementation timeline, were expected to be outlined in the official announcement.

The United States on Tuesday imposed sanctions on all remaining Iranian airlines not yet subject to such penalties, along with related service providers, according to Vanguard News. The move is part of Washington's effort to intensify economic pressure on Tehran amid its ongoing conflict with Iran. The sanctions target Iran's aviation sector broadly, extending restrictions to carriers that had previously escaped US punitive measures, further tightening economic isolation of the country.