Monday, 24 August 2026

day one hundred seventy-two (13. 737)

US launches its economic D-Day against Iran, threatening allies to cut trade ties or face sanctions themselves—though few details emerge regarding the execution or efficacy. Trump announces he will implement more tariffs on Canadian steel and automobiles to go into effect in ninety days to allow time for negotiations—which won’t materialise as Carney and company walked away from a very bad deal with a litany of demands that undermines the nation’s business sovereignty. This strategy of deferment is typical, a time-bomb left for others to diffuse—or not and having to address the consequences not of their choosing, like the arrangement that Trump made with the Taliban for America’s withdrawal from Afghanistan, the provisions of the his Big Beautiful Bill that trigger cuts to federal aid programmes for the incoming congress to handle (not to mention the exploding debt and broken trust globally)—and Tehran’s refusing further talks with the current administration—leaving an awful inheritance ostensibly for the Democrats. Alberta, the US chief exporter of petroleum, announces cuts to supply coming in September as America continues to drain strategic reserves to dangerously low levels and only a single tanker transited the Strait of Hormuz today with another being fired on and forced to turn back.