The U.S. military conducted strikes on Iranian missile and drone facilities following Iran’s attack on a commercial vessel in the Strait of Hormuz, which violated a recent ceasefire. CENTCOM described the action as a necessary response, marking the first U.S. military engagement since the ceasefire extension.

President Trump has threatened to implement a 100% tariff on nations imposing a digital services tax on U.S. companies. He stated that any country proceeding with such a tax would face immediate import duties, overriding existing trade agreements. Approximately half of OECD European members have proposed or enacted similar taxes.