“The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect to [be] doing much business with Ontario any longer,” Trump said on social media Tuesday morning.
The personal consumption expenditures price index increased 0.2% from June and rose 3.7% over the year.
The 30-year pact includes plans for AP1000 reactors, potentially creating a multibillion-dollar project for Westinghouse and its owners.
The benchmark 10-year Treasury yield was little changed at 4.647%, while the 30-year yield stood at 5.181%. The 2-year yield was also steady at 4.199%.
The measures target products including steel, dairy, electronics and motorcycles and broadly match the tariff levels imposed by Washington.
Americans’ assessment of current economic conditions improved slightly, but expectations for the coming months deteriorated.
The market reaction came as Washington intensified economic pressure on Iran through its new “economic D-Day” sanctions campaign.
Treasury Secretary Scott Bessent announced sanctions against more than 60 Iran-linked targets while expanding the potential reach of secondary sanctions.
Iranian officials have warned that countries participating in the U.S. economic campaign could be considered parties to an “act of war” and threatened to halt oil exports through the Persian Gulf.
He accused Canada of taking advantage of the United States and said its tariff policies have harmed American farmers.
Treasury Secretary Scott Bessent said the new campaign would target Iran’s economic lifelines and countries or entities helping Tehran move petroleum and finances.
Businesses now face the choice of absorbing higher costs, finding alternative suppliers or limiting imports
Trump blamed declining domestic cattle supplies and said increased imports would give ranchers time to rebuild the U.S. beef herd.
Navy Captain Tim Hawkins said American forces have helped roughly 1,300 commercial vessels navigate the strategic waterway during that period
Trump said the United States would target oil smuggling, currency transfers, cash networks, ship registries and front companies
