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CNBC Daily Open: The U.S. is flexing its economic power – drawing retaliation

Source: cnbc.com cnbc.com
News Snapshot:

Canada has announced retaliatory tariffs on the U.S. China is building a hedge against Washington's threatened financial sanctions. Iran looks to be cutting the U.S. out of its efforts to open the critical Strait of Hormuz Chip stocks rise as investors focus on Nvidia's upcoming results. OpenAI head of data centers leaves the company. Canadian Prime Minister Mark Carney speaks about the trade dispute with the United States at the Davie Shipyard in Levis, Quebec, Canada on Aug. 24, 2026. Andrej Ivanov | AFP | Getty Images Hello, this is Hui Jie writing to you from Singapore. Welcome to another…

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