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China has escalated its trade dispute with Canada by filing a lawsuit at the World Trade Organization challenging import restrictions on steel, alleging they are protectionist measures violating WTO rules. This action follows China's recent imposition of new duties on Canadian canola. Simultaneously, China expressed opposition to reimposing sanctions on Iran regarding its nuclear program.
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News and Media
Auto sales rose 1.6%. They appear to have returned roughly to normalized spending after a surge in March and April as Americans attempted to get ahead of Trump's 25% duty on imported cars and parts and then a slump after that, according to Samuel Tombs, chief US Economist at Pantheon Macroeconomics.
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News and Media
Washington D.C. is suing Donald Trump over his attempt to control the city's police force, escalating a power struggle. Attorney General Brian Schwalb filed the lawsuit after Trump appointed Terry Cole as "emergency police commissioner." Schwalb aims to block Trump's takeover, calling it illegal.
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News and Media
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