Ace of Trades

Treasury Bessent

Treasury Secretary Scott Bessent outlined new economic sanctions on Iran and its trading partners. Julia Demaree Nikhinson/AP Photo

Good afternoon. This is the Final NOTUS newsletter for Aug. 24, 2026. You can get it in your inbox every day by signing up here — it’s free!

THE LATEST

President Donald Trump threatened to impose even steeper tariffs on Canada this morning after trade talks between the two countries unraveled. All cars and car parts, as well as steel, would be hit with a 50% levy starting Jan. 1 if Trump follows through.

Treasury Secretary Scott Bessent went in front of reporters to outline new economic sanctions on Iran and its trading partners. The measures, called Operation Economic Outcast, include dozens of people and companies, as well as plans to target cryptocurrency and other industries.