Canada trade war escalates as Trump renames Lake Ontario; Economic D-Day; Meta reaches settlement @thehill
Canada trade war escalates as Trump renames Lake Ontario; Economic D-Day; Meta reaches settlement  @thehill
Uploaded August 2026 | Updated September 2026, 2 weeks ago
Weekly Recap:

Treasury Secretary Scott Bessent announced sanctions against "anyone foolish enough" to conduct business with Iran. Senator Marco Rubio echoed this sentiment, stating that the U.S. is shifting from military strikes to sanctions in hopes of finally reaching a deal with Iran to eliminate its nuclear capabilities.

Meanwhile, tensions in the trade war with Canada escalate as Canada announces retaliatory tariffs against the U.S. In a controversial move to intensify the trade conflict, President Trump signed an executive order to rename Lake Ontario as "Lake America."

Additionally, Meta has reached a landmark $17 billion settlement regarding social media addiction.

00:00 - U.S. announces sanctions on Iran and anyone who may conduct business with Iran
11:25 - U.S. pauses tariffs on beef imports
19:50 - Trump changes name of Lake Ontario to 'Lake America'
23:00 - Meta reaches settlement on social media addiction lawsuit

#trump #trade #tariffs #sanctions #lakeontario #lakeamerica #iran #iranwar #marcorubio #scottbessent #canada
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The Hill |

Canada trade war escalates as Trump renames Lake Ontario; 'Economic D-Day'; Meta reaches settlement

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