USMCA trade deal to end; Iran warns US & more
The U.S. is moving to end its major trade deal with Mexico and Canada, potentially impacting the cost of cars and other goods. Meanwhile, tensions are rising in the Middle East, and new data shows national pride at a record low as the country marks its 250th anniversary.
You may face higher costs for cars and manufactured goods following the government's decision not to renew the USMCA trade pact with Mexico and Canada. The agreement, which allowed for easier trade between the three nations, will not be extended by the Trump administration. This move is expected to cause significant disruption for the U.S. auto industry, which depends on cross-border supply chains to keep prices down.
Tensions are escalating in the Middle East after Iran's military warned of a "decisive response" to any U.S. interference in the Strait of Hormuz. The Strait is a critical path for the world's oil supply. Tehran’s warning follows what it called potential "miscalculations" by the U.S. in the region.
National pride has hit a 25-year low as the United States celebrates its 250th anniversary. According to a new Gallup poll, while most people remain proud of their nationality, there is widespread worry about the country's current direction and its departure from founding principles.
Find more updates in the News section, including a look at America’s most beautiful landmarks and how the UK is marking the U.S. 250th anniversary.