WORLD IN BRIEF:Canada hits US with 50% tariffs, China rejects Iran sanctions, Tanzania VP resigns and other stories

BusinessDay | 26-08-2026 04:44am |

In a significant escalation of the trade war, Canada has announced retaliatory tariffs of up to 50 percent on certain US goods. Meanwhile, China has rejected sanctions imposed on Iran, and Tanzania's Vice President has resigned. These developments highlight ongoing international tensions and political shifts.

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